(Bloomberg) The biggest commodities meltdown in a generation has cost hedge funds more than $40 billion in seven years.Losses due to poor performance and investor withdrawals have left assets at the top 10 commodities hedge funds at less than $10 billion, compared with more than $50 billion in 2008, according to estimates from Trafigura Pte Ltd.’s annual report. The trader and asset manager said the perception of commodities as an investable asset has been replaced by a “generalized aversion.”
Hedge Funds Burned by Commodities Lose $40 Billion Since ’08
This entry was posted in Syndicated. Bookmark the permalink.
