Thursday, 21 August 2014
Last updated 1 hour ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note