Tuesday, 2 September 2014
Last updated 25 min 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...