Vermillion's CTA Down 3.8% In May, Sees A Better Market As Speculative Traders Leave

Vermillion Asset Management experienced another losing month for its CTA, Viridian, which detracted  3.8 percent in May, the largest monthly decline in this year so far according to a shareholder letter obtained by ValueWalk. The CTA Vermillion manages $1.7 billion and Viridian is down 6.2 percent YTD is 55 percent owned by Carlyle Group LP (NASDAQ:CG) . The commodity markets took another wave of losses as USD strengthened and drove speculative traders out of these assets. The fund believes that with less speculative traders in the commodity markets, Viridian could do better in the future.

Tough Times For Trend...

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