Oakley Cuts Commodities Fund Of Funds

Oct 30 2013 | 2:02pm ET

Poor performance by commodities hedge funds is not good news for funds of hedge funds focused on the space—one of which has joined the prominent names closing their doors this year.

Oakley Capital Management pulled the plug on its fund of commodities hedge funds in July, Bloomberg News reports. Portfolio Fabio Cortes left the London-based firm at about the same time.

The commodities fund was a very small part of Oakley's business, managing just US$10 million of Oakley's more than US$1 billion in assets.

Oakley's decision to shutter the commodities fund follows the closing of BlueGold Capital Management last year, and the closings of Clive Capital and Arbalet Capital last month.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...