UK Fund Loses 86% in February
|March 17th, 2010||
|Ebullio Capital Management, an entirely commodity-focused hedge fund, suffered its worst monthly performance since inception after losing in excess of 86 percent in February, according to Reuters. The February troubles bring the fund’s annual loses to over 95%. The firm has been very transparent about its poor performance, blaming it on “extraordinary circumstances”. |
Ebullio was launched in 2008 with partners’ investment capital and invests purely in commodities through futures, options, and physical trading. The firm’s only fund, the Ebullio Commodity Fund, focuses on event-driven, technical and physical strategies in LME metals, Nymex Energy and Nymex Bullioni.