Galena outperforms BlueGold, Clive Capital and Touradji Capital
|July 5th, 2010||
|Galena Asset Management’s commodities fund boasted its highest returns in six months, rising 4.2% in May. According to Bloomberg, other commodities-focused funds did not perform so well: BlueGold Capital Management dropped 12.5% and Clive Capital was down 6% after losses from platinum, oil and natural gas. Galena’s fund, on the other hand, benefitted from bets gold and copper prices. Galena’s commodities hedge fund manages $700 million, while BlueGold and Clive Capital’s hedge funds manage $1.8 billion and $3.9 billion, respectively.|
Excluding Galena, commodity-focused hedge funds managing over $1 billion saw losses last month, including Paul Touradji’s Touradji Global Resources Fund (-5%), and John Tilney’s Armajaro Commodities Fund (-8.8%).
For Detailed Investor Profiles on these Investors, click below: