Saturday, 20 September 2014
Last updated 1 day ago
May 9 2013 | 12:01pm ET
Pierre Andurand has wasted no time putting BlueGold Capital Management's difficult last years behind him at his new hedge fund.
Andurand's eponymous new oil fund, which debuted at the beginning of February, is up 25% through its first three months, after rising a further 8% in April, Bloomberg News reports. Andurand Capital Management's arbitrage bet on oil traded in New York and London continued to pay off last month as the price differential between the two continued to fall.
The average commodity fund is down 2.3% this year, according to eVestment.
Andurand set up his new firm after shuttering BlueGold last year, and has managed the returns despite using less leverage than the defunct firm. Andurand Capital also holds smaller positions and shuns equities. BlueGold lost 34% in 2011.
Andurand Capital currently manages US$250 million.
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.