| Commodity hedge funds, which tend to perform the best when volatility spikes, have suffered in some areas this year with wrongly timed bets. Winners include Duet Commodities, Cumulus Energy, Merchant Commodity, whereas Brevan Howard Commodities Fund, Armajaro Commodities and Andurand Capital had a tough run through most of the year.
The recent surge in volatility has helped some, but most of the gains came from natural gas and soft commodities. Oil and precious metals have not done any favors to hedge funds who had major positions as prices tumbled.............................................Full Article: Source
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