Wednesday, May 16, 2007

Commodity Hedge Fund Assets May Reach $35 Billion by Year-End, Cole Says

(Bloomberg) -- Investments in commodity hedge funds may rise to about $35 billion by year-end as more traders set up funds to take advantage of swings in prices for energy, metals and agriculture, according to Cole Asset Management.

About $30 billion is currently invested in the funds, which mainly trade commodity derivatives and shares of energy, mining and agricultural companies, said Brad Cole, founder of Chicago- based Cole Asset Management, which invests in such funds.


Read more at Bloomberg Energy News

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