Hall, Red Kite Pace Commodities Hedge Funds

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%.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of