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Duet proves it is a rare commodity

According to data provider Hedge Fund Research, specialist commodity hedge funds account for 13.6% of macro funds globally. The sector is on the rise but has a history of mixed performance as a result of supply and demand fluctuations. Futures brokerage Newedge’s benchmark Commodity Trading index said that this year, commodity hedge funds have declined ... Read More

Ex-Credit Suisse AG Oil Head McKenna Starts Mastic Hedge Fund

By Chanyaporn Chanjaroen and Lars Paulsson Nov. 4 (Bloomberg) — Kieran McKenna, who traded oil for Credit Suisse AG and JPMorgan Chase & Co., started a hedge fund that will accept money from outside investors next month, according to Mastic Investment Advisory AG, his new company. The Mastic Commodity Fund, based in Zug, Switzerland, will ... Read More

Ecofin launches global oil & gas fund

Ecofin Limited, an investment management firm specialising in the global utility, infrastructure, energy and alternative energy sectors, launched the Ecofin Global Oil & Gas Fund. This Cayman registered fund employs a long/short equity strategy, close to market-neutral. It offers monthly liquidity and launched with USD32m of AUM. The Ecofin Global Oil & Gas Fund (the ... Read More

Hedge Funds Bet on Collapse of WTI-Brent Spread: Energy Markets

Oct. 31 (Bloomberg) — Hedge funds increased bullish bets on West Texas Intermediate oil to the highest level since May on expectations the gap between the U.S. benchmark price and Brent, the standard for more than half the world’s crude, will continue to narrow. Money managers boosted net-long wagers in futures and options by 15 ... Read More

Oil Contango’s End Sparked by Falling Stockpiles

Oct. 26 (Bloomberg) — Oil futures closest to expiration became more expensive than those for later delivery for the first time in three years after U.S. crude stockpiles shrank to a 12-month low. Supplies in Cushing, Oklahoma, fell on Oct. 21 to the lowest level in a year, according to measurement of tanks using satellite ... Read More