BlueGold Capital Denies Responsibility for Oil Sell Off

February 5th, 2010
| More
After seeing oil drop 5 percent last Thursday, many industry traders have attributed the sell off to hedge fund BlueGold Capital’s unloading of a massive long position. According to a Reuters article, BlueGold has a reputation for market moving trades amongst oil industry traders. Chief Executive Officer Dennis Crema has denied his firm’s responsibility in the matter.
See Press Release
For Detailed Investor Profiles on these Investors, click below:
BlueGold Capital
Related People: Dennis Crema; Pierre Andurand
Related Entities: BlueGold General Partner Inc; BlueGold Global Fund LP; BlueGold Investments Limited
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


More Recent Headlines

Phil Falcone makes a killing on new Harbinger Credit Fund

BlueCrest Capital Management to close off BlueTrend Fund to new investors

Thirty Institutional Investors Demand “Say on Pay”

Regulators Seek to Throw Light on Hedge Fund Impact in Energy Trading

Top 2009 Hedge Fund Firm Spin-Offs and Fund of Funds Launched with $14.4 billion

Jason Adler’s Hayground Cove Asset Management relaunches flagship as long/short Raido Fund

Carl Icahn steps down from Blockbuster's board

Earth Capital Partners Announces New Investment Team

Jabre Capital Partners to close-off Jabcap Multi-Strategy at $2.5 billion

Jefferies launches Wildcatters Energy E&P Equity ETF