From Bloomberg: Astmax Commodity Global Macro Fund, run by former Sumitomo Corp. copper trader Tetsu Emori, will increase its focus on oil after making a 12 percent return since May by selling grain, fuel and metals futures in falling markets.
The 1.4 billion yen ($14 million) fund, which takes long and short positions in global commodity markets ranging from corn and coffee to aluminum and oil, rose every month since inception on May 12 through October, according to Emori. It rose 2.6 percent last month, beating an estimated 2.6 percent drop by the Eurekahedge Hedge Fund Index. …. Full Article: Source