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Vermillion AuM Falls to Below $1B

Mar 09, 2014
Jing Chen

Assets in commodities hedge fund firm Vermillion Asset Management dropped by more than half within a nine-month period.

Reuters reported that New York-based Vermillion’s assets under management dropped to around $900 million in December from about $2 billion in March 2013 following some negative returns; two of the firm’s funds posted losses last year.

Its Crimson Physical Commodities fund lost nearly 7% and its Celadon Commodities slipped around 4% while its Viridian strategy rose just 0.7%.

Founded in 2005 by Drew Gilbert and Chris Nygaard, Vermillion was acquired by private equity firm Carlyle Group in 2012.

 

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