Tuesday, 2 September 2014
Last updated 2 hours ago
Mar 16 2012 | 8:01am ET
BlueGold Capital Management and Clive Capital appear to be skeptical about the early-year rally in oil prices—to their detriment, so far.
While oil is up 6% in the U.S. and 15% in London, where BlueGold and Clive are based, and while the average energy hedge fund is up about 8% through the first two months of the year, the two well-known oil-trading hedge funds have fizzled. Clive is up only 3% on the year, and BlueGold is down about 2%.
"They haven't exactly told their investors or anyone for that matter that they don't believe the way this market has been going," one source, who receives performance updates from the two hedge funds, told Reuters. "But their lack of bullish exposure indicates that they are ready to pounce the other way the moment prices turn, if they're not already shorting the market, that is."
Clive returned 4% in February after losing 1% in January. The firm manages about US$4 billion. BlueGold, for its part, lost 1.5% in January and 0.5% in February. It has more than US$1 billion in assets.
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 ...