Saturday, 28 March 2015
Last updated 14 hours ago
May 25 2012 | 10:40am ET
Clive Capital's pessimism has paid off in a big way for the commodity hedge fund this month.
London-based Clive is up about 7% in the first three weeks of May, thanks to a precipitous drop in oil prices. Brent crude oil prices are down 11% this month, their worst in two years.
Clive's bets against European coal, natural gas and energy futures also paid off.
"Given our softer economic outlook, we are very happy to continue our negative-bias energy positions in oil, coal and European gas and power," Clive wrote to clients. And not just to extend, but to increase, as the firm did with bets against oil. On the other hand, Clive ended its bet against U.S. natural gas.
Clive said that the world's oil supply is "good" and that demand is "weak."
The May surge was more than good enough to cover the US$3.3 billion hedge fund's losses through April, which totaled 4.8% for its Class B shares.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…