Nuclear-powered Thunder tops the AR database in October
By Suzy Kenly Waite
Fri Nov 12, 2010
Richard Greene’s Thunder Capital made impressive gains in October from investments in three Canadian uranium mining companies.
In October, Thunder Capital Management's bets on uranium mining
companies earned the small Clearwater, Fla. hedge fund the top
monthly return in the AR database. The firm's
Thunder Energy Partners Fund rose 28.2% for the month.
Uranium, the chief element used in civilian nuclear power
plants, is currently trading at $57 a pound, and due to an
increased demand for the element around the world as more power
plants are being constructed, founder and portfolio manager
Richard Greene believes the price of uranium will continue to
Operating with this view, Thunder gained another 23% through
November 11. Still, the year has not been easy for the firm,
which manages less than $10 million and has been down seven out
of ten months in 2010. Thunder...
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