Monday, 27 July 2015
Last updated 3 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…