Trade Notes: Is There a way to Play Global Warming and Weather Volatility?

 

Mean surface temperature change for the period...
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The short answer would be an easy “Yes”.  This was emphasised most recently by the September returns of Clive Capital, Chris Levett’s commodity hedge fund based on macro calls.  He used to run a similar portfolio at Moore Capital before he left to start up his own firm in December 2007 (in case you’re wondering,  his middle name is Clive).  That fund returned 6.6% last month, that’s a pretty tidy profit on roughly USD 4 billion AUM.  More so considering it was up around 1.7% for the previous nine months.  I’m not a big fan of Clive because they tend to use rather a lot of leverage, don’t communicate much, and haven’t been able to protect the downside as they claimed in their marketing material.  In any case, the reasons for the performance are interesting, Continue reading “Trade Notes: Is There a way to Play Global Warming and Weather Volatility?”

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Trade Notes: Stay on With Long Gold Like Soros and Paulson?

George Soros - World Economic Forum Annual Mee...
Image by World Economic Forum via Flickr

George Soros, notwithstanding his worry that Gold may be the ultimate bubble has stayed on his long Gold position.  He warns that

Gold is the only actual bull market currently. It just made a new high yesterday. In the present circumstances that may continue… Continue reading “Trade Notes: Stay on With Long Gold Like Soros and Paulson?”