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Idiot Investors Force Global Advisors To Close Funds, Maybe Gas Prices, Too

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Global Advisors, a commodities hedge fund, said today that it will shutter two of its three funds due to “poor performance” that led to investor redemptions. The $60 million Global Advisors Commodity Investment fund and $4 million Global Commodity Index Plus fund will be giving money back at the end of the month.
GA was co-founded by former JP Morgan energy traders Daniel Masters and Russell Newton, who confessed their frustration that “some investors don’t understand the changes in volatility in these markets. Commodity traders can have years of great returns and years of bad ones.” Don’t you just hate it when you get blasted by natural gas (which has tanked this summer without a good hurricane), and your investors just don’t get that? Brian Hunter knows what we’re talking about.
Global Advisors to Shut Two Commodity Hedge Funds [Bloomberg]


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