Hedge Fund BlueGold Capital makes huge returns on oil derivatives

July 29th, 2008
| More
BlueGold Capital, a hedge fund founded in February of this year by Dennis Crema and Pierre Andurand, has seen 160 percent returns on their investments through the end of June. Both men worked at Vitol, a Swiss energy trading firm before leaving to start their own fund which invests mainly in oil derivatives. Thus far they have seen incredible returns however July might not prove to be as fruitful as oil prices have begun to sink in recent weeks. According to BlueGold they are staying bullish on the price of oil, predicting that it will continue to rise.

View Comments (1)
Add a Comment

1 Comments

by great job on May 8th, 2012

There is so much that you can get from this hedge fund. They have the right people running this. Great job on this. orlando spas


More Recent Headlines

Sorin Capital gets talent from Capmark Investments

Citadel buys 5.3 percent of RadioShack stock

Paulson & Co. plans troubled bank-focused fund launch

Seneca Capital and other Investors push TransAlt to merge

Icahn and two of his nominations added to Yahoo's board

Third Point targets the Phoenix Cos

Silver Point looking to buy BSkyB

Activist investors adopt new strategy in Japan

Harbinger Opposes Cleveland Cliff's Bid

SEC grants leniency on short sales