Performance

Commodities - Resilient to market rout

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With the commodity markets appearing broadly immune to July's rout in stocks, commodity hedge funds turned in the second-best performance of all strategies tracked by Absolute Return, rising a median 1.24% for the month to total 7.13% YTD.

Some funds returned even more than 10%. AIS Gold Fund, for example, netted 15.99% for the month, benefiting from a big upward swing in gold prices. Dighton's Aggressive Segregated portfolio also performed admirably; its 13.34% net gain lifted it above water for a 5.81% year-to-date sum. But there are exceptions. July will not be remembered as a good month by