Fund launches & closures

Duet expands into commodities with new launch

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Duet Group, the $2.4 billion alternative asset management group led by Alain Schibl and Henry Gabay, is adding to its range of investment strategies with the launch of a new commodities fund.

The Duet Commodities Fund began trading this month with initial seed capital from Duet and is headed by Tony Hall, an experienced energy and commodities trader who has previously worked in senior positions at Deutsche Bank, Credit Suisse and Glencore.

Hall, who will be the chief investment officer of the new fund, was formerly global head of distillates oil trading at Credit Suisse-Glencore from 2008 to 2010, looking