05.11.2013 - Investors turn to new multi-strategy commodity funds
Sophisticated commodity funds that switch between different strategies in pursuit of performance are gaining favour with investors, who have lost patience with single-strategy products. Commodity investors complain they are paying active management fees for returns that are essentially no better than the market as a whole - or "beta" in investment management parlance. Mark Higgins, managing director of UK-based financial group 1Oak Capital, said some commodity hedge funds persisted for too long with non-performing strategies and have had to close or have suffered large drawdowns as a result...............................................Full Article: Source
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