Duet Commodity Fund Extends 2011 Gain to 23% on Metals, Energy

Bloomberg reports that Duet Commodities Fund rose 2.9 percent in June, boosting this year’s return to 23 percent after profitable trades in metals and oil.

Duet Commodities CIO is quoted as saying,

This month we have made the vast majority of returns in the platinum group of metals and energy.

The market news is quoted as saying,

Duet’s return through May was 20 percent, compared with the average hedge fund return of 4.8 percent in the same period, even after commodities had their biggest decline in a year on concern that global growth will slow amid accelerating inflation in China and Europe’s sovereign-debt crisis.

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