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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...