Wednesday, 17 December 2014
Last updated 7 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.