Friday, 24 October 2014
Last updated 5 hours ago
Oct 30 2013 | 2:02pm ET
Poor performance by commodities hedge funds is not good news for funds of hedge funds focused on the space—one of which has joined the prominent names closing their doors this year.
Oakley Capital Management pulled the plug on its fund of commodities hedge funds in July, Bloomberg News reports. Portfolio Fabio Cortes left the London-based firm at about the same time.
The commodities fund was a very small part of Oakley's business, managing just US$10 million of Oakley's more than US$1 billion in assets.
Oakley's decision to shutter the commodities fund follows the closing of BlueGold Capital Management last year, and the closings of Clive Capital and Arbalet Capital last month.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.