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(Bloomberg) A hedge fund run by commodities trader Doug King posted a record return last year, thanks to soaring energy, food, power and freight prices. ....
MONEYWEB app instead? The Bloomberg Commodities Spot Index is nearing 2008/11 peak. By Javier Blas, Bloomberg 3 Jul 2021 00:50 Image: Qilai Shen/Bloomberg Doug King set up his hedge fund in the early days of the commodity super-cycle in 2004. It was perfectly timed: voracious Chinese demand lifted the price of everything from oil to copper to record highs. Investors flooded the commodities sector. At the peak, Kingâs Merchant Commodity Fund was managing about $2 billion. But the boom ended abruptly after the 2008 global financial crisis and the onset of the US shale revolution. Prices plunged, big institutional money got out and many specialist hedge funds closed. ....
Commodity traders harvest billions while prices rise for everyone else thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
SYDNEY (Feb 8): The eventual end of the coronavirus pandemic is likely to herald a consumption boom, piling pressure on precarious supply chains and boosting raw material prices, according to the Merchant Commodity Fund. “There’s a huge amount of pent-up demand in the consumer pocket,” said Doug King, head of the RCMA Capital-managed fund, which has assets of US$170 million and returned 19.4% last year. “You could see a real surge in the market across all aspects of travel and consumption. I quite like the backdrop.” Commodities have been on a tear since March, and have surged to the highest level in more than six years, with rallies in everything from iron ore to soybeans, copper and corn. ....