Monday, 30 November 2015
Last updated 2 days 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…