Carlyle's Vermillion CTA Down in Q1 on Natural Gas Bet

Vermillion Asset Management’s CTA Viridian Ltd. posted losses in March and the fund was down 1.75 percent which brought the detraction for Q1 to -3.35 percent. Commodity strategy has underperformed the highest in this year so far, and as noted by returns from Preqin’s research, CTAs rose only 0.2 percent in Q1. The company’s monthly newsletter says that Vermillion was profitable in last month with gains from agriculture, crude, heating oil, base and precious metals.  Performance was down in freight and natural gas. The Viridian Fund manages $1.42 billion, while the firm’s assets are $2 billion. The CTA is of the opinion…