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Britain’s ‘Mr Copper’ bucks commodities gloom

Posted on 30 December 2013

Michael Farmer, the London-based hedge fund manager and Conservative Party co-treasurer, has generated a third year of double-digit returns, bucking a losing trend that has dogged global commodity funds in 2013. His Red Kite physical metals fund is thought to be up more than 40 per cent this year. Two more Red Kite funds have generated around 15 per cent returns each.
Dubbed “Mr Copper”, Mr Farmer is often responsible for shipping around 15 per cent to 20 per cent of China’s copper supplies. His hedge fund group, RK Capital Management, is one of the biggest metals investment firms in the world, managing $US2.4 billion in assets. The group aims to generate profits from both physical trading and commodity hedge funds………………………………………..Full Article: Source


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