Commodity hedge funds had a bumper 2022. Prices for oil, natural gas, gains and metals all jumped higher in the first part of last year when Russia invaded Ukraine and threw global supply chains into disarray.
The Eurekahedge Commodity Hedge Fund Index, an equally weighted index of 40 constituent funds, jumped 12.8% in the first four months of 2022, before falling back. At the end of November, the index was up 7.8%, compared to double-digit losses for global equity indices.
Some specialist energy hedge funds have earned even bigger returns. The flagship fund of e360 Power LLC, a Texas firm that uses futures and options to trade power, natural gas and emissions, added 125% for the year to the end of September...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
