Falling Oil Prices Fuel Commodity Hedge Fund Losses in May and June

July 8th, 2011
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June 2011 was a rather difficult month for commodity hedge funds that trade oil, metals and agricultural products. Reuters reports that its commodities-focused CRB index dropped 9 percent in May and June combined, the largest two-month drop since the financial crisis in 2008.

Paul Touradji’s New York-based $2.5 billion Touradji Capital Management hedge fund lost 3 percent in June and is down 13 percent year-to-date. New York-based Ospraie Management’s flagship hedge fund, with $2 billion in assets, fell 3.1 percent in June but is up 1.7 percent year-to-date.

London-based oil trader Pierre Andurand’s $2 billion BlueGold Capital fund was down 5 percent in June and 12 percent year-to-date. London-based Chris Levett’s $4 billion Clive Capital fell 8 percent in June and is down 10 percent year-to-date.
For Detailed Investor Profiles on these Investors, click below:
BlueGold Capital
Clive Capital
Ospraie Management
Touradji Capital Management
Related People: Chris Levett; Dennis Crema; Dwight Anderson; Gil Caffray; Paul Touradji; Pierre Andurand; Sang Lee
Related Entities: BlueGold General Partner Inc; BlueGold Global Fund LP; BlueGold Investments Limited; Catequil Asset Management*; Clive Capital LLP; Clive Fund; Ospraie Fund*; Ospraie Real Return Fund; Ospraie Special Opportunities Fund; Ospraie Wingspan Fund; The Clive Fund LP; Tiger Management; Touradji Capital; Touradji DeepRock Master; Touradji Global Resources Fund; Tudor Investment Corporation* Lehman Brothers*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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