Despite a difficult year for the average commodity hedge fund, one newcomer has had little trouble attracting assets, and investors have been rewarded for their confidence thus far.

Louis Dreyfus Investment Group launched its Commodities Alpha Fund in November with US$100 million. But while the average commodity fund has treaded water this—Hedge Fund Research says that commodity hedge funds have lost 3.2% this year on average, while most funds have enjoyed double-digit returns—the Louis Dreyfus fund is up 10% through September, Bloomberg News reports.

Investors have taken notice. The fund, managed by Ian McIntosh, has more than quadrupled its assets to US$410 million during its short lifespan.

Last month, the sweet taste of success was even somewhat sweeter. The fund’s 1.2% September return was driven by its bet on raw sugar, which is up 115% this year.