Touradji Capital, Amongst Other Commodity Funds, Beaten by Indices Through September
| October 31st, 2009 | ||
| Commodity funds fared relatively poorly through September as the spread between funds and commodity indices widened by the largest margin in years. According to Bloomberg, many major commodity funds failed to beat the S&P Enhanced GSCI Total Return Index’s return of 12% for the year. Amongst the funds failing to beat the index is Touradji Capital Management’s largest commodity hedge fund, which posted a 7% return through the third quarter. It should be noted, however, that Touradji also manages a commodity index that was reported to be up 48%. Other funds fared less favorably, with investment managers such as Krom River losing 8% in its raw materials fund. There were some bright spots in the sector, however, with multiple managers beating the index. London-based firms fared particularly well. PCE Investors’ Cumulus Energy Fund returned 47% through the third quarter, followed closely by a 45% return from BlueGold Capital Management. Galena Asset Management and Clive Capital LLC returned 17% ad 15%, respectively. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Touradji Capital Management |
Galena Asset Management |
Related People: Claude Lixi;
Related Entities: Catequil Asset Management*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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