Monday, 22 September 2014
Last updated 1 hour ago
May 9 2013 | 12:00pm ET
Andurand Capital Management isn't the only new commodities hedge fund off to a fast start.
Hall Commodities, headed by former Duet Asset Management traders Tony Hall and Arno Pilz, returned 6.7% in April, Bloomberg News reports. London-based Hall hasn't actually launched its maiden fund yet; the returns come from trading a shadow US$100 million portfolio.
Like Andurand Capital founder Pierre Andurand, Hall and Pilz are seeking redemption: They resigned from Duet in July after losing money in nine of their last 10 months running the Duet Commodities Fund.
Andurand Capital and Hall aren't the only commodities funds doing well in what has otherwise been a forgettable start to the year for the sector, with the average fund down 2.3%, according to eVestment. RK Capital Management's funds are both up double-digits through April, with its Red Kite Metals Fund up 25% and its Red Kite Compass Fund 20%.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.