Duet Commodities Up 28% YTD

Nov 9 2011 | 11:28am ET

Despite suffering its first monthly loss of 2011 in September, Duet Group's year-old Commodities Fund is sitting pretty.

The US$100 million fund largely escaped the summer bloodbath that victimized many prominent commodities hedge funds. Indeed, while its peers were losing ground in June, July and August, Duet Commodities was adding to its already-impressive early year gains.

And despite falling 3.8% in September, the fund remains up 28% on the year, not far off its 33% peak for the year.

"Our mantra is, nothing moves in a straight line," chief investment officer Tony Hall told Financial News. "We are not afraid of going short and we like volatility; we see movement as an opportunity to trade."

Hall said the fund will likely soft-close early next year, when it reaches US$500 million in assets. "We want to stop for a breather and concentrate on the portfolio," he said.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of