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Commodities Briefing - Categorized | Bullion/Gold, Fund Profile, Market Moves more

Fewest hedge funds invest in gold since 2010 as assets fall 31pct

Posted on 07 June 2013

The rout in gold that drove the metal into a bear market cut the number of hedge funds investing in bullion to the lowest level since 2010 as assets slumped 31 percent this year on losses and redemptions.
Performance declines tied to volatility and withdrawals led either to closures or a shift in strategies, Farhan Mumtaz, an analyst at EurekaHedge Pte Ltd., the Singapore-based fund-research company, said…………………………………..Full Article: Source


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