New Funds Update: Hot Commodities?

The commodities slump has hit hedge funds hard, but some managers are seeing opportunities in the fallout.

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Hedge funds have been among the hardest-hit investors in the recent commodities slump, but the same forces behind those losses are pushing some hedge funds toward the asset class.

The yearlong collapse of oil prices has taken a toll on a number of managers, and falling prices for raw materials from copper to corn have left even giants like Cargill’s Black River Asset Management, which is closing four funds, burned by the strategy.

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