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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note