BlueGold Global:
Dec 2008: 5.1%
YTD: 209.7%
Related? SEC To Take Off Pants, Show Us What It’s Made Of
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Nothing a little duct tape won’t fix.
those are positives tard
BlueGold Quarterly Conference Call to Investors:
“Regarding our performance, we can assure you that all of our investment management practices and accounting procedures are accurate and compliant with all appropriate regulatory procedures…”
200%+ is the new served with a warrant
haha!
Hm, weren’t they up somewhere around 150% in Oct/Nov?
Holy twinkies.
Anyone got a number on their AUM as of 12-31-08?
following up on @8; anyone know the strategy here? who runs this shop – need to know where to send the resume…
I love the smell of baked Ponys in the morning!
Most likely they were long oil calls in the first half of 08 and long oil puts in the second half but I’m sure its a little more complex than that.
@8–”Andurand’s $1.1 billion BlueGold Capital Management LLP hedge fund in London almost tripled between its February debut and November by betting on higher oil prices in the first half of 2008 and then reversing the strategy, the 31-year-old manager said. Levett’s $3 billion London-based Clive Capital LLP returned 44 percent in the first 11 months of the year. ”
http://www.bloomberg.com/apps/news?pid=20601102&sid=auqZiUUX.aZo&refer=uk
Commodities fund, mostly energy, run by ex-Goldman and ex-Vitol traders
http://www.bluegoldcap.com/
Probably shorted crude all the way down.
that’s got to chap dwight anderson’s hide – 31 year old running laps around him. not to mention, ospraie’s head equity guy left to start his own shop a year ago. he was the only one making money while the commidities guys were draining the overall returns…oops!
investorcluzo – when you’re lying on the ground after being run over by a bus, I don’t think you really care how the other runners are doing.
@am. bander – you make a good point. oh how the mighty have fallen! but d.a. knew how to throw a good party back in the day…
Don’t want to spoil the party, but wheres the risk control here. The returns could just have easily been negative 209.7, had the bet been the other way – and therefore wrong.
@18 – negative 209.7% would be impressive. Makes you wonder what the L in LP means.
Negative 209.7 is the new killing it.
Energy derivatives, eh? Must’ve learned everything they know from Ken Lay.
@18, outsized return doesn’t necessarily mean lack of risk control. Think of a trailing stop.
@19. Brilliant.
In order to get those kinds of returns, their position sizing would have been off the charts, even if they traded the entire energy complex in the UK and US.I’d say they took on waaaaaaaaay too much risk.
A +100% gain could have been feasible this year with a 5.0% risk/position model,which is still high.If they traded them all, they might have been risking over 40% of their equity at any given moment.This is roman candle stuff.
Anyone here buy a car last month?
Audi A4 Avant. Dec 4.
Aston Martin V8 Vantage, Dec.24
Trabant Mark II
I had to sell my car, and move in with my mother.
Is this a Tim Sykes fund?
1996 VW Golf
’92 Ford Festiva. Only 60k on the odo! She’s a classic…
I splurged. Bought the RPM #64 (I was duped into believing this was a special edition) and the Earnhardt #8. It’s not the kid’s fault that daddy lost his college money.
model T baby
Gran Torino.
Gran Torino.
Gran Torino.
An ’09 Fulemanuchi x7k.
Bacon Double Cheesburger
Does anyone know how Centaurus Energy did last year? Also, T. Boone must be PISSED if he heard about BlueGold’s numbers. Pickens really screwed up on oil this year, but what ever.
- that guy from Goldman Sachs (a.k.a.: TGFGS).