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Message: Gold Fund closure
Global News z: BlueGold, which was a highly touted commodity-investment fund launched in 2008, says it will liquidate and return money to investors.This could cause a downdraft in commodities as other players try to front-run sales on their positions. BlueGold is/was  said to hold about $2 billion but it’s likely leveraged.The last year has been a rocky ride at the fund. Stephen Jen, who was a superstar FX strategist at Morgan Stanley, left to join Bluegold in 2008, but he quit in October to start his own fund, SLJ Macro Partners.

Apr 05, 2012 03:11PM
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