Commodities may have showed resilience to market routs in July, but they fell hard in August. The Absolute Return Commodities Index lost 1.57% for the month to total 5.45% for the year, far below the hedge fund composite.
The VegaPlus platform produced erratic numbers. The newly launched Anglian Equity Fund posted a return of 3.53%, but the established Anglian Commodities Fund lost 4.55%. Anglian Equity, launched in April, has gained 9.78% since inception, while Anglian Commodities stands at 5.41% for the year.
Gold proved to be a terrible place to be. The AIS Gold Fund plummeted 10.27% in August,