The commodity hedge fund of BlueGold Capital Management has lost 26% in the first week of May, Bloomberg reports. The BlueGold Fund rose 16.6% in the first four months 2011.
It managed a total of $2.3 billion by the end of April 2011. The BlueGold fund returned 12.8% in 2010, 55% in 2009 and 209% in its first year.
