Tuesday, 2 September 2014
Last updated 3 days ago
Oct 14 2011 | 8:23am ET
Some big-name hedge fund managers took a beating in September’s commodities sell-off.
Mike Coleman’s $1.1 billion Singapore-based Merchant Commodity Fund, a fundamentally-driven commodity long-short fund, lost 5.4% in September, someone who saw the performance data told Reuters. Coleman said that left the fund—which added over 30% in 2005, 2006 and 2007—down 36% for the year.
Willem Kooyker’s New Jersey-based Blenheim Capital Management, with an estimated $5 billion AUM, lost 15.5% in September and is down 25% in 2011, a source told th news agency. The fund is a big commodities investor.
Astenbeck, the $2 billion hedge fund Connecticut-based hedge founded by Andy Hall, lost about 18% in September as Brent crude fell 11%. The fund is down over 5% YTD.
And the BlueGold Global Fund was down 0.4% last month to September 16, according to figures seen by Reuters, leaving it down 25% for the year.
As dark economic clouds gathered in September, investors jettisoned their gold, copper and cocoa in favor of less-risky assets. This was reflected in the Reuters-Jefferies CRB index of 19 commodities which was down 13% for the month.
There were some bright spots in September, however, including London-based Clive Capital, a $4 billion hedge fund, which Reuters' sources said added 11.5% thanks to its bearish take on commodities. That puts the fund down 1.4% YTD.
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 ...