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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, ......................

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