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From Komfie Manalo, Opalesque Asia:
Encouraged by the consistent, positive gains of its Barak Derivative Fund, the Mauritius-based Barak Fund Management has announced the launch of a new derivative fund on May 1, 2011. Barak did not provide details about the new fund.
Meanwhile, the Barak Derivative Fund gained +9.8% in April to continue its positive streak this year. The fund opened the year gaining +6.67% in January, +3.19% in February, and +4.67% in March.
The fund ended 2010 with +58.40% net gains and finished 2009 with a strong +152.87% performance.
In its monthly performance report, Barak attributes the strong April performance to commodities which peaked that month despite the continued risk.
"Precious metals, in particular silver, had a very strong month with investment demand leading the way. The fund continues to be bullish commodities, equities and neutral US dollar," the report added.
But the commodities sector suffered a rout last week as futures on silver and gold fell after reports that high-profile investors, including George Soros and John Burbank were selling the precious metals.
Commodity hedge fund Clive Capital, the largest commodity hedge fund in the world reportedly, ...................... To view our full article Click here
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