Hedge Funds Edge Back Into Commodities

Oct 8 2012 | 11:48am ET

Hedge funds leapt back into commodities, perhaps sensing that the asset class is bottoming out.

Commodity prices hit a two-month low last month, causing most hedge fund and money managers to shy away, cutting their exposure to commodities for three straight weeks. But that came to an end in the week ended Oct. 2, the Commodity Futures Trading Commission said, as asset managers increased their long bets by 0.2%.

That long exposure to 18 commodity futures and options had dropped by more than 6% over the preceding two weeks.

Gold positions rose by 3% on the week, but not all commodities are so favored by hedgies. Agricultural contracts saw bullish bets fall by 7.1% and oil by 6.5%.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...