Wednesday, 23 July 2014
Last updated 6 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.
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…