Dreyfus Closes Commodities Fund To New Cash

Feb 23 2011 | 6:38am ET

The Louis Dreyfus Group has closed its commodity hedge fund to investors after the fund grew from US$100 million at its launch just over two years ago to US$2 billion today.

The Commodities Alpha Fund enjoyed a 17.3% return last year, well ahead of both the average hedge fund and the average commodities hedge fund. The fund, which launched in November 2008, invests primarily in agricultural commodities, Bloomberg News reports.

The commodities fund is managed by Ian McIntosh, a Geneva, Switzerland-based trader who has been with Louis Dreyfus for more than 25 years.


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