Commodity Firms' In-House Hedge Funds Outperform

Dec 19 2012 | 11:28am ET

This year has been one to forget for commodities hedge funds—unless you happen to be a hedge fund within a major commodities firm.

The average commodities hedge fund is headed for its worst year in a decade, down 3%; among the losers this year are Clive Capital and Krom River Trading. But hedge funds owned by the likes of Cargill, Louis Dreyfus and Trafigura are doing just fine, thank you.

Cargill's Black River Asset Management has posted a 9.2% return at its Commodity Trading Fund, Reuters reports. Louis Dreyfus' Commodities Alpha Fund is up 7%—a levered version is up more than twice as much—while Trafigura's Galena Asset Management has returned 3.65% at its energy fund.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of