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Statar Capital Gains $400M on Gas Price Volatility

gas flame

Miami-based Statar Capital gained over $400 million in the month of October driven by the volatility in natural gas prices, FT reported.

The gains come as natural gas prices have surged during the year, driven by the rebound and the decline in supply, with prices in the United Kingdom have already soared 500%.

The hedge fund profited from market volatility, as it increased positions when prices slipped before taking profits during rebounds. This brought Statar one of the biggest hedge fund winners during the month.

Statar is already up 29% so far this year, after being one of the top-performing funds in 2020 when it climbed by 59% as a number of commodity funds gained from the decline in oil and other commodity prices.

Statar’s gains marked a rebound after $130 million in losses in the first two and a half weeks in September.


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