Saturday, 30 August 2014
Last updated 15 hours ago
Jan 11 2013 | 1:21pm ET
Another energy hedge fund is closing its doors as its founder calls it quits.
Andrew Rowe said today that he's closing his SandRidge Capital and retiring. Most of the fund's US$320 million in assets will be returned by the end of the first quarter, Reuters reports.
Rowe said he planned to "sit back and hang out with my kids and play golf."
"Life is good," he said.
The Houston-based hedge fund returned 11% last year.
Rowe's exit comes after a difficult year for commodity hedge funds—although not his. Last year also saw the closure of several prominent energy and commodity funds, including SandRidge's fellow Texan Centaurus Capital, BlueGold Capital and Fortress Investment Group's commodity fund.
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 ...