Armajaro Loses Quarter Of Assets As Other Commodity Funds See Gains

Hedge funds that trade commodities had a mixed first quarter with returns on both sides of the spectrum. One of the best performers so far has been Merchant Commodity Fund with a gain of +11.6% in the first quarter, according to HSBC Hedge Weekly. Merchant, managed by Doug King and Michael Coleman, seems to have finally recovered from the stressful period it suffered between 2011-12. The fund, which in 2010 managed $1.56 billion, saw its assets slump to $132 million. However after a +15% return in 2013, things are going well at Merchant and the brilliant return in 1Q2014 is only adding to the recovery.