Tuesday, 22 July 2014
Last updated 20 hours ago
Jan 2 2014 | 1:23pm ET
Last year was a brutal one for commodities—and commodities hedge funds, which saw big declines and a large number of casualties in 2013. RK Capital Management had a significantly different 12 months.
The London-based firm's physical metals fund soared more than 40% last year, The Telegraph reports. Two of the firm's other Red Kite hedge funds returns about 15% apiece.
The gains give RK three straight years of double-digit returns.
RK founder Michael Farmer told the Telegraph that he did not share the "general disillusionment" with commodities.
"The base metals markets are fundamentally underinvested," he said. "There has been a focus on equities, Treasuries, bonds and other markets and a general withdrawal from commodity funds in the past couple of years."
Farmer added that he expects a commodities surplus this year, but "from 2016 onwards deficits can be expected."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…