Commodity Fund Global Advisors Up Almost 20%

Dec 4 2008 | 12:26pm ET

London-based Global Advisors’ Global Commodity Systematic Program is on a roll. The US$243 million quantitative commodity hedge fund gained another 0.9% last month, bringing its year-to-date gains to 19.75%.

Last month, the fund made gains on U.K. natural gas, reformulated gasoline blendstock, live cattle, aluminum and Brent crude oil, according to co-founder Rus Newton.

“Overall performance was concentrated in the energy sector, with 75% of total return attributable to those markets, with metals & agricultural markets making up the balance,” he wrote in an investor letter.
 
“We are very happy with our performance. With very low leverage, highly liquid positions and totally transparent pricing, we believe Global Commodity Systematic should be ideally configured for current conditions.”


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