Sunday, 21 December 2014
Last updated 8 hours ago
May 1 2013 | 12:59am ET
A pair of prominent commodity hedge funds have turned things around in April.
Aisling Analytics' Merchant Commodity Fund and Clive Capital are up 12% and 5.2% through April 19, Reuters reports. Both funds posted big losses over the past two years, and paid for it in the form of massive redemptions. Merchant, which lost 29.9% in 2011 and 7.6% last year, saw its assets under management drop almost 90% to US$170 million, and Clive, which lost 8.8% last year and 9.9% in 2011, saw its assets shrink by 46% to US$1.95 billion.
The two hedge funds profited on bearish commodities bets, enjoying positive returns while the volatile commodities market sent some peers into the red. All of Clive's returns have come in April, during which time the hedge fund is up almost 8%. Merchant is up almost 7% over the same period.
Other prominent commodities funds are not doing so well. Armajaro Asset Management's Commodities Fund is up 4% through April 19. Brevan Howard Asset Management's Commodities Fund is down 2.3%, Krom River Trading is down 1.9% and Higgs Capital is down more than 2%.
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.