Athamas Hedge Fund Down 14.5%

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.”

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note