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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...