Rising Gold Prices Weren’t Enough To Offset Plunging Copper And Oil For This Fund

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Michelle deBoer-Jones
Published on
Updated on

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…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.