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The former Balyasny Asset Management portfolio manager has profited from a series of shorts in the commodities slide.
Tusker Capital founder Anuraag Shah is profiting from the downturn in commodities, and the resulting tumble of equities that are tied to crude oil, iron ore and copper prices. The flagship Tusker Alpha Fund is up 46.9% through the second quarter of this year, and has risen an estimated 15% this summer on the back of rail, mining and U.S. shale shorts.
"The summer overall turned out really well for us," Shah said. "We got crude oil right, but also copper and iron ore. The money we made earlier in the year on commodity shorts gave us a good base to trade. This is a market for traders."
The firm's top contributors to performance were shorts in equities levered to the decline in energy prices. Shah pointed...