Tuesday, 30 September 2014
Last updated 36 min ago
Apr 12 2013 | 12:45pm ET
BlueGold Capital Management co-founder Pierre Andurand's new hedge fund is off to a fast start.
Andurand Capital Management's maiden fund debuted on Feb. 1 and has returned 16% over its first two months, Bloomberg News reports. The $200 million fund profited from an arbitrage bet on oil traded in London and New York.
Other prominent commodity funds did less well in the first quarter, with the average one returning 1.3%, according to the Newedge Commodity Trading Index. Armajaro Asset Management's commodities fund rose 3.3% on the month and Brevan Howard Asset Management's added 1.1%. Krom River Trading's Commodity Fund fell 1.8% in the first three months of the year, and Clive Capital declined 2.6%.
Andurand set up his eponymous firm after closing BlueGold last year, following a 34% loss in 2011. The new firm focuses on oil, employs less leverage and holds smaller positions, and does not invest in equities.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.