Tuesday, 2 September 2014
Last updated 1 hour ago
Aug 9 2012 | 1:44pm ET
The rally that pushed Clive Capital bank into the black in May and June came to an abrupt end in July—even as other commodities hedge funds gained.
Clive’s US$3.3 billion dropped 3% last month. The loss cut its year-to-date gains to 3.8%. Clive had been down almost 5% through the first four months of the year before an 8% jump in May.
The average commodities hedge fund rose 1.3% in July, according to the Newedge Commodity Trading Index. On the other hand, that benchmark is down 0.6% on the year.
Other big-name commodity funds used the July rally to cut or erase their first-half losses. Krom River Trading’s fund added 3.1% on the month, leaving it flat on the year, while Aisling Analytics’ Merchant Commodity Fund cut its year-to-date loss to 2.5% with a 2.6% jump, Bloomberg News reports. Armajaro Asset Management’s commodity fund rose 2% and is up 0.5% on the year, while Mastic Investment Advisory’s fund rose 1.5% to boost its 2012 return to 18%.
Brevan Howard Asset Management’s Commodities Strategies Master Fund rose 0.6% in July and 4.4% this year. Galtere Ltd.’s funds are up 8.8% and 14% on the 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 ...