Duet Commodity Fund Up 23% After Hot Start To June

Jun 10 2011 | 12:03pm ET

Duet Group's hot hand continued into the first week of June. The London-based firm's year-old Commodities Fund is up 2.9% this month already, building on a 20% return through May.

The fund, which manages less than $100 million, is now up 23% on the year, Bloomberg News reports.

"This month we have made the vast majority of returns in the platinum group of metals and energy," Tony Hall, chief investment officer, said. After last month's volatility, Hall, formerly of Credit Suisse-Glencore, added, "with prices now more in line with near-term fundamentals and price targets, we believe that the risk-reward increasingly favors being long commodities."

The Duet fund remains open to new investment and is actively seeking additional capital.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...