Saturday, 28 November 2015
Last updated 8 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…