Ex-Duet Duo Ready Commodities Hedge Fund

Jan 10 2013 | 2:03pm ET

Duet Asset Management's former top commodities traders have launched a hedge fund of their own.

Tony Hall and Arno Pilz incorporated Hall Commodities in London last month, Bloomberg News reports. It is unclear what the new firm's precise strategy will be, when it will launch its maiden fund or how much it hopes to raise.

Hall and Pilz left Duet in July after a run of rough performance: The duo's Duet Commodities Fund suffered losses in nine of their last 10 months at the helm. The US$100 million hedge fund did manage a 26% return in 2011, the only full year that Hall and Pilz ran it after launching it in the summer of 2010.

Prior to joining Duet, Hall was global head of distillates oil trading at Credit Suisse-Glencore and Deutsche Bank. Pilz was a metals trader at UBS and Apollo Management.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note