Thursday, 23 October 2014
Last updated 33 min ago
Dec 3 2008 | 1:19pm ET
The commodities market has proven unfriendly to many hedge funds this year, including the Athamas Capital SICAV-SIF, SCA Hedge Fund. The fund was down 4.3% in October and is down 14.5% year-to-date since inception in June.
The fund, which focuses on both traditional and renewable energies, utilities, environmental services and related commodities, saw its worst losses in alternative energy (down 38%), oil and gas services (down 37%) and mining (down 34%), according to the firm. Even its “defensive” utilities positions dropped 15% over the month.
“Commodity indices like the CRB were also down 23% with constituents like copper down 38% [last] month,” said the firm. “As such the commodity 'super cycle' appears to be broken until the economy recovers.”
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…
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