Saturday, 20 December 2014
Last updated 13 hours ago
Dec 19 2012 | 11:28am ET
This year has been one to forget for commodities hedge funds—unless you happen to be a hedge fund within a major commodities firm.
The average commodities hedge fund is headed for its worst year in a decade, down 3%; among the losers this year are Clive Capital and Krom River Trading. But hedge funds owned by the likes of Cargill, Louis Dreyfus and Trafigura are doing just fine, thank you.
Cargill's Black River Asset Management has posted a 9.2% return at its Commodity Trading Fund, Reuters reports. Louis Dreyfus' Commodities Alpha Fund is up 7%—a levered version is up more than twice as much—while Trafigura's Galena Asset Management has returned 3.65% at its energy fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.