Duet Commodities racks up returns despite eruption of volatility in May
June 23, 2011
Experienced oil and derivatives trader Tony Hall is up 20% this year in a febrile market for commodities, making money in May when many other funds suffered in the rout
With its fundamental-based, absolute alpha approach to investing in energy and metals, the Duet Commodities Fund has performed extremely well so far this year, posting a 19.59% return to the end of May.
This strong performance includes a solid 3.72% gain in May – when a dramatic reversal in many of the major commodity prices caused severe problems for a lot of specialist managers in the commodities space.
The fund is managed by CIO Tony Hall, an experienced energy trader who previously worked as global head of distillates oil trading for the Credit Suisse/Glencore joint venture from 2008 to 2010. Before that, he spent many years at Deutsche Bank – initially as a macro prop trader and then on the bank’s oil products desk.
Duet Commodities launched in July 2010 as a joint venture between Duet, the London-based alternative investment group led by Alain Schibl and Henry...
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