Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
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.
Share
New Message
Please login to post a reply