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’BlueGold coins it
It is always hard to be sure who has the best-performing hedge fund, but London’s BlueGold looks like it could be the winner for last year.
With a rise of 210 per cent, tripling investors’ money, the oil and commodities specialist set up in February soared ahead of rivals – most of whom lost money.
Red Kite hits hostile winds
It may be wrong, going forward, to routinely refer to Red Kite Metals as the world’s largest hedge fund devoted to metals trading. That’s because it lost 20 per cent last month, according to Bloomberg,
Red Kite shareholders back longer notice period
Red Kite said on Thursday investors would now have to give longer notice before withdrawing their money. The London and New York-based fund said it “has received overwhelming shareholder approval to extend the redemption notification period from 15 to 45 days,
Red Kite is “random noise,” not Amaranth
Contrary to what one trader told Reuters on Friday, the commodities market is not collapsing – and neither is Red Kite.
Not in the opinion of Philippe Bonnefoy, at least. Mr Bonnefoy is the director of the $2 billion-plus Cedar Fund,
Copper and zinc come back, but will Red Kite?
After plunging on Friday after reports started to trickle out that Red Kite, a $1bn metals-trading hedge fund, had hit trouble, copper and zinc staged a recovery on Monday. Copper came back to $5,380/5,400 after losing 4.8 per cent on Friday while zinc rebounded from seven-months lows at the end of last week.
Problems at Red Kite spark sharp metals sell off
Red Kite Management, a $1bn metals-trading hedge fund, has suffered losses of up to 15 per cent so far this year – and is now trying to stall investors who might want their cash back, MarketWatch reports,