Sunday, 2 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…