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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note