New York Hedge Fund Embraces Volatility, Gains 20% In May

Continental Capital Advisors, which was co-founded in March 2009 by a pair of former analysts at long/short hedge fund Pilot Advisors, welcomed the volatility in May that brought so many of its peers to their knees. The hedge fund is now up 6% year-to-date.

"Our strategy is to capitalize on asset price deflation using several instruments—currencies, commodities, equities globally—currently that's a long-bias toward precious metals, while we short largely domestic-only U.S. companies"