Thursday, 27 October 2016
Last updated 10 hours ago
Feb 6 2014 | 1:07pm ET
Natural-gas hedge fund Goldfinch Capital Advisors is enjoying the arctic chill that has fallen across much of the U.S.
The Houston-based firm soared 21% in January, as natural-gas futures rose sharply amidst the deep freeze, The Wall Street Journal reports. Goldfinch profited from extreme volatility in the market, which has seen huge daily swings, leaving nat-gas futures up 26% on the year (including a 9.6% jump on Tuesday).
Goldfinch was long winter gas prices, according to the Journal.
Goldfinch, which has about $600 million in assets, is led by Michael Maggi, a veteran of Centaurus Capital.