Tuesday, 27 January 2015
Last updated 13 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%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…