The Delbrook Resource Opportunities Master Fund, a metals and mining equity long/short hedge fund, is up 114% YTD (up to end-August), after returning about 20% each month from April to July. By comparison, the XME ETF is down 14% YTD (XME tracks an equal-weighted index of U.S. metals and mining companies). The managers at Delbrook say they are prepared for further noise