Saturday, 2 August 2014
Last updated 11 hours ago
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.