Wednesday, 29 July 2015
Last updated 31 min ago
May 8 2013 | 8:48am ET
Commodities hedge funds are already on their back foot after two years of losses.
The average commodities fund lost 0.8% in the first quarter, according to the Newedge Commodity Trading Index. The same benchmark, which averaged double-digit returns before the financial crisis, lost 1.4% in 2011 and 3.7% last year.
"We are witnessing the implosion of a large chunk of the commodities hedge fund industry," the CEO of a commodities trading house told the Financial Times. "The sector is, on average, performing badly and investors are taking notice."
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…