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25

Hedge Funds Had Worst Year Since 2008 Betting on Commodities

By Tony Seruga

Copper, Gold And Silver Bullion Manufacture At KGHM Polska Miedz SA Smelting Plant

A worker uses a rod to control the flow of molten silver.

Photographer: Bartek Sadowski/Bloomberg

Raw-material funds sank 5.2 percent in 2015, SocGen data show
Funds at Trafigura and Cargill closed during the selloff

Hedge funds betting on raw materials had the worst performance since the global financial crisis of 2008 as everything went wrong for commodities.

The funds lost 5.2 percent in 2015 and recorded losses in 10 out of 12 months, based on an index compiled by Societe Generale SA that tracks the performance of commodity trading strategies including equities and physical products…

Hedge Funds Had Worst Year Since 2008 Betting on Commodities

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