{"id":42420,"date":"2014-06-04T10:18:47","date_gmt":"2014-06-04T14:18:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=42420"},"modified":"2014-06-04T10:18:47","modified_gmt":"2014-06-04T14:18:47","slug":"schroders-commodity-hedge-fund-to-shut","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2014\/schroders-commodity-hedge-fund-to-shut.html","title":{"rendered":"Schroders\u2019 commodity hedge fund to shut"},"content":{"rendered":"<p>Financial Times &#8211; A prominent backer of commodities hedge funds is shutting down after investors frustrated by market doldrums and high management fees took their money elsewhere.<\/p>\n<p>Schroders\u2019 Opus commodities fund, which contained $2.3bn at its peak, is closing after assets dwindled to hundreds of millions of dollars, according to people familiar with the matter. David Mooney and C\u00e9dric Bellanger, co-portfolio managers, will leave London-based Schroders.<\/p>\n<p>Opus was part of NewFinance Capital, an alternative investment group that Schroders acquired in 2006. The business was one of a handful of niche funds of commodities hedge funds, which farm out investor cash to star traders in markets such as oil, copper or grain.<br \/>\n&nbsp;<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/42539822-eb3e-11e3-bab6-00144feabdc0.html#axzz33g9cdjYB\">Read full Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Times &#8211; A prominent backer of commodities hedge funds is shutting down after investors frustrated by market doldrums and high management fees took their money elsewhere. Schroders\u2019 Opus commodities fund, which contained $2.3bn at its peak, is closing after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42420","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=42420"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42420\/revisions"}],"predecessor-version":[{"id":42421,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/42420\/revisions\/42421"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=42420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=42420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=42420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}