May
30

Unloved Commodity Hedge Funds Get $5 Billion Embrace on Oil Gain

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  • Money managers making profits again as investors return
  • Andurand and ZP Energy among commodity funds gaining this year

The rally in oil has given a fillip to long-suffering commodities hedge funds. After four years of hemorrhaging cash and clients, managers are once again making money and winning back investors.

About $5 billion has coursed into the funds in 2016, with the first quarter seeing the biggest inflows since 2009, according to data compiled by eVestment. Investors are being drawn by gains of more than 18 percent reported in a letter to clients by Stuart Zimmer’s ZP Energy Fund in New York and 12.7 percent posted by oil trader Pierre Andurand’s $1.1 billion Commodities Master Fund in London. Officials at the funds declined to comment…

Unloved Commodity Hedge Funds Get $5 Billion Embrace on Oil Gain

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