Hedge Funds Load Up On Commodities

Sep 10 2012 | 12:29pm ET

Hedge funds are as bullish on commodities as they have been in more than a year—and their timing could hardly have been better.

Hedge funds and other money managers boosted the long bets on 18 U.S. commodity futures and options by 2.3% in the week ended Sept. 4, the Commodity Futures Trading Commission said. In particular, hedge funds poured into silver and cocoa, the latter of which has more long interest from money managers than it has had since May 2010.

Long bets were at their highest in 16 months, the CFTC data shows.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.