Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Goldman-Backed Hedge Fund

Goldman Sachs-Backed Hedge Fund Rallies 8.6% for the Month and 9% for the Year

Todd Edgar, the $650 million firm that was backed with $150 million from Goldman Sachs Group Inc.’s asset management arm in 2012, rallied 8.6 percent for the month and 9 percent for the year.
Then came September. Edgar, whose Atreaus Capital LP specializes in currencies and commodities, had been betting since June that the price of soybeans would drop because of favorable weather conditions that promised a bumper crop. On Sept. 11, the U.S. Department of Agriculture reported record harvests and expanding global inventories. Bean prices tumbled 8 percent through the end of the month. That and a larger trade on a stronger U.S. dollar turned a poor year into a good one, according to an investor.
Edgar, whose $650 million firm was backed with $150 million from Goldman Sachs Group Inc.’s asset management arm in 2012, rallied 8.6 percent for the month and 9 percent for the year. He wasn’t alone. Rising volatility, concern over the global economy and Bill Gross’s abrupt exit from Pacific Investment Management Co. rattled the stock, bond, currency and commodity markets in which macro firms invest. The biggest funds, such as Paul Tudor Jones’s Tudor Investment Corp. and Andrew Law’s Caxton Associates LLC, rose between 3 percent and 4 percent in the month, thanks in large part to the jump in the dollar.
Source: Bloomberg

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Todd Edgar, Goldman Sachs Group Inc., Atreaus Capital LP, U.S. Department of Agriculture, Pacific Investment Management Co., Paul Tudor Jones, Tudor Investment Corp., Andrew Law, Caxton Associates LLC.

Link to This Resource: Goldman-Backed Hedge Fund

http://richard-wilson.blogspot.com/2014/10/goldman-backed-hedge-fund.html
Redesign by HedgeCo Website Creation