logo
  Join        Login             Stock Quote

Commodities Hedge Funds

 October 14, 2011 11:59 AM


A sell of in the commodities markets has caused a number of large commodity-focused hedge funds to suffer stiff losses.  Whereas many of these hedge funds were once considered top-tier, recent losses have pushed them into the bottom of the industry performance-wise.  Among the commodities leading the sell off were gold, crude oil, copper and cocoa.
Funds like Mike Coleman's Merchant Commodity fund and Willem Kooyker's Blenheim Capital sit on hefty double-digit losses for the year after investors worried about global economic growth recently dumped gold, copper and cocoa for less-risky assets.

And Astenbeck, the $2 billion hedge fund founded by famed oil bull Andy Hall, lost around 18 percent of its value in September -- far more than last month's 11 percent drop in Brent crude, the London benchmark used now by most oil investors and traders.

The Reuters-Jefferies CRB index of 19 commodities .CRB shed 13 percent during September, a drop which has echoes of May when many star managers betting on rising prices were caught on the hop by a quick sell-off.

The size of the September hit, on top of losses suffered earlier this year, means many managers who enjoyed bumper profits from the long commodity bull run now face the likelihood of a down year. Source
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageThoughts on MetLife and AIG

In some ways, this is a boring time in insurance investing.  A lot of companies seem cheap on a book and/or read on...

article imageA 2016 Recession Would Be Different

If the US or the Eurozone entered a recession this year, a few macroeconomic variables would look very read on...

article imageWhat's Next For Chipotle?

After stumbling badly on negative publicity about foodborne illness at some of its restaurants, the fast read on...

article imageHow Fast Can These Stocks Make You A Millionaire?

These days it seems as if the market doesn't know whether it wants to break through fears of higher rates read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

What's Next For Chipotle?
More Articles on: Finance



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.