Winter turns around energy fund of ex-Goldman trader Goldberg

Reuters – Former Goldman Sachs energy trader Jonathan Goldberg’s hedge fund is up 7 percent on the year after the winter rally in U.S. oil and gas helped it recover from losses in the first four months after its launch last September, industry sources said on Wednesday [March 5].

Goldberg’s $300 million BBL Commodities Value Fund in New York rebounded as futures price spreads it laid out in U.S. heating oil versus European gas oil and U.S. crude oil versus U.K. Brent turned profitable in January, the sources who are familiar with the fund’s returns said.

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