Hedge Funds Step up Bets on Commodity Market Revival

(Reuters) After deserting commodities markets during last year’s slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point.A handful of managers are weighing up new specialist hedge funds, industry data shows, while some funds are stepping up exposure to energy markets and oil in particular.Leading commodities indexes rallied on Friday after the International Energy Agency (IEA) signalled a possible floor in the price of oil which has slumped 65 percent since June 2014, hitting global growth and stocks.

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