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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note