04.03.2013 - Investors stick with commodities
Gold and copper lose their lustre; Dynamic strategies replace index plays. "Oil, gold and copper just are not what they used to be," muses Blu Putnam, chief economist at the CME Group. "The hedge funds trading them got whipsawed last year." Indeed, several high-profile commodities funds closed their doors last year because of poor performance and Clive Capital and BlueGold were among several large billion-dollar commodities funds to suffer hefty losses in 2012. The January revelation that the California Public Employees’ Retirement System pension fund (Calpers) had more than halved its commodities exposure to just $1.57 billion (0.6% of exposure) from $3.45 billion in September 2012 started speculation that an exodus from the sector is imminent...............................................Full Article: Source
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