| 09.04.2012 Energy hedge fund BlueGold liquidates entire portfolio |
| Opalesque Team:
BlueGold Capital Management LLP, the $1bn energy hedge fund co-founded by Pierre Andurand and Dennis Crema, is liquidating after losing 34% last year, according to various media reports. The London-based fund house, which invested mostly in energy derivatives, wrote to investors to announce the liquidation of the entire portfolio and the undertaking of an "orderly closure." I |