Wednesday, 20 August 2014
Last updated 8 hours ago
Sep 8 2011 | 12:26pm ET
With annual returns falling, BlueGold Capital Management's profits have taken a nose-dive.
The London-based commodities hedge fund, which has US$2.3 billion in assets under management, saw its profits fall by two-thirds in 2010. The firm made US$101.2 million in 2009 but only US$33.6 million last year, Financial News reports.
BlueGold's returns have fallen steadily since its launch in 2008. In its first 12 months of trading, the fund returned 210%, and followed that up in 2009 with a 55% return. But last year, BlueGold returned only 13%.
Things don't seem to be getting any better, either: May's oil rout cost the firm 26% in that month's first days, and BlueGold was down almost 12% in the first half of this year.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note