Galena outperforms BlueGold, Clive Capital and Touradji Capital

July 5th, 2010
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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.

Galena’s commodities fund was launched in 2004 by Jeremy Weir and since then has averaged returns of 15% annually; this year it has risen 8%. Clive Capital’s fund returned 16.1% in 2008 and 15.8% in 2009 trading Class B shares, but this year’s performance has not been so positive so far.

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:
BlueGold Capital
Clive Capital
Galena Asset Management
Touradji Capital Management
Armajaro Asset Management
Related People: Anthony Ward; Chris Levett; Claude Lixi; Dennis Crema; Duncan Letchford; Frederic Codet; Gil Caffray; Harry Morley; Jeremy Weir; Mark Newson-Smith; Mark Newson-Smith; Nick Glinsman; Paul Touradji; Pierre Andurand; Richard Gower; Sang Lee
Related Entities: Armajaro CC+ Fund; Armajaro Commodity Funds; Armajaro Emerging Markets Fund; Armajaro STS Commodities; Armajaro Holdings Limited, Armajaro Limited; Armajaro Natural Resources; BlueGold General Partner Inc; BlueGold Global Fund LP; BlueGold Investments Limited; Catequil Asset Management*; Clive Capital LLP; Clive Fund; Galena Azurite Fund; Galena Energy Fund; Galena Malachite Fund; Galena Metals Fund; Galena Special Situations Fund; The Clive Fund LP; Tiger Management; Touradji Capital; Touradji DeepRock Master; Touradji Global Resources Fund; Trafigura Group
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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