Friday, 24 October 2014
Last updated 1 hour 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%.
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…
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