Oops! Hard-Hit Ebullio Lost 70% In Jan.

The British commodity hedge fund lost 86% in February. But it had already lost most of its money in January, according to updated figures for that month in last month’s report.

Ebullio, which managed US$42.3 million in November, originally told investors it had lost only 1.1% in January. But the fund actually plummeted 69.65% in the first month of the year.