Thursday, 24 July 2014
Last updated 7 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…