Friday, 26 December 2014
Last updated 2 days ago
Sep 13 2007 | 1:11pm ET
The world’s largest metals hedge fund took a big hit last month, as the previously high-flying commodities sector stumbled. Red Kite Metals fell 20% in August, and is reportedly now down 29% year-to-date.The turnaround for the RK Capital Management fund is dramatic: It was up a whopping 188% last year.
Still, all is not quite lost: The fund was down 29% in January, but managed to recover to essentially flat through July, according to Bloomberg News. In fact, all three of its funds—down a collective 14% last month—were down big in January before breaking even through July.
Meanwhile, Touradji Capital Management’s flagship commodities hedge fund added 2.5% last month. The $2 billion Touradji Global Resources is now up between 21% and 25%, depending on the share class.
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.