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

July 8th, 2011
| More
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

More Recent Headlines

Gartmore Group veterans Dan Roberts and Leigh Himsworth land at Eden Financial

Och-Ziff Capital Management Reports $700 Million Decline in Asset Base

SkyBridge Capital's Anthony Scaramucci Favors Energy Investments

John Paulson’s Paulson & Co looks to gain $550 Million from Lehman bet

Tim Attias and Catherine Cripps team up to launch Sata Partners

Hedge Fund Annus Horriblus

Hedge Funds troubled by European Sovereign Crisis & Regulations

Borut Miklavcic partners with Nomura Europe to launch Nomura Cross Asset Strategies LLP

Bain's Brookside Capital fined by SEC for trading violation

Nelson Peltz’s Trian Fund builds big stake Kraft Foods, Activist Bout #2?