Hedge Funds

Crusading against the commodities price hike

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Michael Masters of Masters Capital Management blames high prices on index speculators

Two months ago, circumspect hedge fund manager Michael Masters penned an e-mail to friends in which he decried the pernicious effect that high commodity prices, particularly oil, were having on the lives of ordinary Americans. More importantly, he offered a detailed analysis of the speculation by institutional investors that was contributing to it.

Now, Masters, who since 1995 has quietly been running Masters Capital Management, a $277 million long/short equity hedge fund out of the Virgin Islands, has testified before a Senate subcommittee and made it onto the