Tuesday, 28 April 2015
Last updated 16 hours 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…