Wednesday, 20 August 2014
Last updated 7 hours ago
May 9 2013 | 12:00pm ET
Andurand Capital Management isn't the only new commodities hedge fund off to a fast start.
Hall Commodities, headed by former Duet Asset Management traders Tony Hall and Arno Pilz, returned 6.7% in April, Bloomberg News reports. London-based Hall hasn't actually launched its maiden fund yet; the returns come from trading a shadow US$100 million portfolio.
Like Andurand Capital founder Pierre Andurand, Hall and Pilz are seeking redemption: They resigned from Duet in July after losing money in nine of their last 10 months running the Duet Commodities Fund.
Andurand Capital and Hall aren't the only commodities funds doing well in what has otherwise been a forgettable start to the year for the sector, with the average fund down 2.3%, according to eVestment. RK Capital Management's funds are both up double-digits through April, with its Red Kite Metals Fund up 25% and its Red Kite Compass Fund 20%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note