Tuesday, 22 July 2014
Last updated 8 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…