Sunday, 24 May 2015
Last updated 1 day 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.
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…