Wednesday, 3 September 2014
Last updated 15 hours 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.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...