Commodity Hedge Fund Giants Have Mixed August

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.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note