Touradji Down In August

Sep 22 2010 | 12:26pm ET

It’s been a difficult stretch for commodity hedge funds, and Touradji Capital Management is now exception.

The firm’s Global Resources Offshore Fund fell 2.2% in August to extend its year-to-date losses to 4.7%, Reuters reports. It was Touradji’s fifth losing month out of eight this year.

The loss is even more disappointing given the firm’s strong July, when it rose 4.7%.

The New York-based firm’s flagship Offshore fund manages $1.7 billion.

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