Swiss Firm Launches Commodity Hedge Fund, Posts Strong First Month

Apr 19 2011 | 12:47pm ET

Despite the tragic earthquake, tsunami and nuclear crisis in Japan just a week-and-a-half into its young life, MRI Gardner's new Absolute Return Commodities Portfolio managed a positive return in its first month.

The fund did lose substantial ground as a result of the disaster, but finished the month up 2.12%. It had been up as much as 5.6% during the first two weeks of March.

"Our launch of the MRI Gardner Absolute Return Commodities Portfolio has proved to be a success despite the volatility around the tragic events in Japan, whose effects were felt particularly through most of our intra-month trading," MRI Gardner CEO Mirko Bischofsberger told HedgeCo.net. Bischofsberger said the firm maneuvered through the Japanese tragedy "in the most conservative way."

Swiss-based MRI Gardner said that it is keeping its eye on "the continued expansion in the developing countries, the recovery in the USA and the general supply constraints across the commodities."


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note