19.07.2013 - Commodity hedge funds suffer longest losing streak on record
Funds betting on commodity price moves have lost money every month since January, their joint longest losing streak on record, raising more doubts about their ability to make money at a time when the commodity "supercycle" may be over. The average fund slid 3.58 percent in the first half of 2013, according to a widely watched Newedge commodity index. Funds have suffered five straight losing months only once before, in 2002-03, the index shows. Hedge funds market themselves are capable of making money in all markets, yet funds trading commodities as varied as gold, grains and gas have failed to turn an annual profit in the past three years...............................................Full Article: Source
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