Skip to main content

Newsroom

February 7, 2013

Commodity hedge funds lose 20% of assets

Commodities hedge funds surrendered at least 20 per cent of their assets last year after investors pulled out large sums following the sector’s worst annual performance in more than a decade, according to fund managers and investors.

The average commodity hedge fund lost 3.7 per cent in 2012, according to a closely watched index compiled by Newedge, the biggest decline since the yardstick was created more than a decade ago and substantially worse than the 1.4 per cent loss of 2011.

“It has been challenging for commodities,” said Fabio Cortes, manager of a commodities fund of funds for Oakley Capital. “The sentiment is very negative.”

The investors’ stampede has come after several multi-billion dollar commodities hedge funds, including Blenheim and Clive Capital – the two largest – posted losses for the second year running, denting a hitherto stellar record of performance.”

***

Read full Financial Times article here

 
 
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today