Gold has been making a strong comeback in 2019 with prices soaring to multi-year highs, but other commodities haven't fared so well. May especially was marked by a strong correction which weighed on one fund's results for the month.
Q1 hedge fund letters, conference, scoops etc
Russia and gold lead the way
Sturgeon Capital was down 5.63% for May after a write-off on one position, a discount on another, and sharp corrections in the commodities market. The fund's exposures to gold mining, Russia and Frontier Markets weren't enough to offset the declines in other parts of the portfolio.
The MSCI Russia was...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
