It's enough to wear one out.
From Moneybeat:
Houston-based hedge fund Goldfinch Capital Advisors scored a nearly 21% gain last month amid an extraordinary wave of volatility in the natural gas market, according to people familiar with the matter.
The fund, one of the biggest money managers in the natural-gas market, has about $600 million in assets once the January gains are factored in, these people said.What's not to love (look at that right side. those are monthly swings on a daily chart.)
Goldfinch is run by Michael Maggi, who once worked for billionaire Houston gas trader John Arnold at his former firm, Centaurus Energy. Mr. Arnold closed the firm in 2012, and several former colleagues launched new funds and raised hundreds of millions from investors.
Natural gas prices have seen some of their biggest price swings in years in the last month, as record-cold temperatures settled in across much of the country, driving up demand for the heating fuel. Futures rocketed up 10.4% on Jan. 29, plunged 8.3% the next day, then shot up 9.6% on Tuesday. Futures are up 26% this year, trading recently at $5.325 per million British thermal units.
Goldfinch was believed to be bullish on winter gas prices, the people familiar with the fund’s results said....MORE
