BlueGold Global:
Dec 2008: 5.1%
YTD: 209.7%
Boom Goes The Dynamite
Posted by Bess Levin, Jan 05, 2009, 2:48pm
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Posted by Lowly Assistant , Jan 05, 2009 2:50PM
Nothing a little duct tape won't fix.
Posted by guest , Jan 05, 2009 2:54PM
those are positives tard
Posted by Clown Capital , Jan 05, 2009 2:55PM
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..."
Posted by guest , Jan 05, 2009 2:58PM
200%+ is the new served with a warrant
Posted by Lowly Assistant , Jan 05, 2009 2:59PM
haha!
Posted by Anal_yst , Jan 05, 2009 3:05PM
Hm, weren't they up somewhere around 150% in Oct/Nov?
Posted by guest , Jan 05, 2009 3:07PM
Holy twinkies.
Posted by guest , Jan 05, 2009 3:08PM
Anyone got a number on their AUM as of 12-31-08?
Posted by Investorcluzo , Jan 05, 2009 3:16PM
following up on @8; anyone know the strategy here? who runs this shop - need to know where to send the resume...
Posted by guest , Jan 05, 2009 3:18PM
I love the smell of baked Ponys in the morning!
Posted by mktmkr , Jan 05, 2009 3:23PM
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.
Posted by guest , Jan 05, 2009 3:23PM
@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
Posted by guest , Jan 05, 2009 3:25PM
Commodities fund, mostly energy, run by ex-Goldman and ex-Vitol traders
Posted by guest , Jan 05, 2009 3:25PM
http://www.bluegoldcap.com/
Probably shorted crude all the way down.
Posted by Investorcluzo , Jan 05, 2009 3:29PM
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!
Posted by american bandersnatch , Jan 05, 2009 3:36PM
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.
Posted by Investorcluzo , Jan 05, 2009 3:41PM
@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...
Posted by guest , Jan 05, 2009 3:46PM
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.
Posted by american bandersnatch , Jan 05, 2009 3:49PM
@18 - negative 209.7% would be impressive. Makes you wonder what the L in LP means.
Posted by guest , Jan 05, 2009 3:50PM
Negative 209.7 is the new killing it.
Posted by guest , Jan 05, 2009 3:53PM
Energy derivatives, eh? Must've learned everything they know from Ken Lay.
Posted by guest , Jan 05, 2009 3:54PM
@18, outsized return doesn't necessarily mean lack of risk control. Think of a trailing stop.
Posted by guest , Jan 05, 2009 4:00PM
@19. Brilliant.
Posted by guest , Jan 05, 2009 4:05PM
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.
Posted by guest , Jan 05, 2009 4:05PM
Anyone here buy a car last month?
Posted by guest , Jan 05, 2009 4:11PM
Audi A4 Avant. Dec 4.
Posted by guest , Jan 05, 2009 4:22PM
Aston Martin V8 Vantage, Dec.24
Posted by guest , Jan 05, 2009 4:26PM
Trabant Mark II
Posted by guest , Jan 05, 2009 4:30PM
I had to sell my car, and move in with my mother.
Posted by guest , Jan 05, 2009 4:32PM
Is this a Tim Sykes fund?
Posted by guest , Jan 05, 2009 4:32PM
1996 VW Golf
Posted by guest , Jan 05, 2009 4:32PM
'92 Ford Festiva. Only 60k on the odo! She's a classic...
Posted by guest , Jan 05, 2009 4:43PM
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.
Posted by guest , Jan 05, 2009 4:47PM
model T baby
Posted by guest , Jan 05, 2009 5:29PM
Gran Torino.
Posted by guest , Jan 05, 2009 5:30PM
Gran Torino.
Posted by guest , Jan 05, 2009 5:31PM
Gran Torino.
Posted by guest , Jan 05, 2009 5:31PM
An '09 Fulemanuchi x7k.
Posted by guest , Jan 05, 2009 7:07PM
Bacon Double Cheesburger
Posted by Goldman Sachs Neophyte , Jan 05, 2009 11:18PM
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).