Saturday, 30 July 2016
Last updated 4 hours ago
Aug 11 2010 | 11:40am ET
Apollo Management has shut its metals hedge fund, which launched just last year.
The London-based Apollo Metals Trading Fund was seeded with US$40 million last March. But the fund was faced with a difficult commodity market, and fund manager Mark Thompson left the firm last month, Bloomberg News reports.
The Apollo fund invested in industrial and precious metals, as well as mining stocks.