Galena outperforms BlueGold, Clive Capital and Touradji Capital

July 5th, 2010
| More
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

More Recent Headlines

John Ho’s Janchor Pan Asian hedge fund raises $100 Million

Fred Drasner and Marc Lasry’s Avenue Capital place top offers in Newsweek bidding war

Shareholder Activist Update: Spotlight Advisors and Clinton Group

Brevan Howard's Alan Howard avoids UK taxes, moves to Geneva

Corporate Governance Update: The Chairman and the CEO, a Story

Damodaran discusses the US financial overhaul

Penny Stock Company sues author Randall Lane on alleged Lenny Dykstra stock pump report

Paramount Partners’ John L. Lawton seeks to withdraw guilty pleas

Ponzi Scheme misappropriated $105 million from 400 investors

Man Group’s flagship AHL Fund diversifies investment strategy