Last year's hurricane season has claimed another victim: The MPC Commodity Fund. The eight-month-old U.K.-based is closing its doors, as a result of falling returns, according to SparkSpread. Last October, the fund, founded by Per Tinberg, the former Barclays Global Investors head of commodity sales, along with a number of UBS employees, exited from its oil holdings, but the destruction wrought by the hurricanes that struck the U.S. badly hurt MPC's trading activity, James Proudlock, the firm's head of sales, told SparkSpread. The damage was done; assets are down 15% since the fund launched, with a 5% drop in October and 6% in November.