Forbes- "I love risk," says Renee Haugerud.

Those aren’t idle words. The 52-year-old launched her own commodity-based global macro fund a decade ago with only $5 million in assets and transformed it into a $1.3 billion heavyweight with outsized returns. To do so, Haugerud prowled the globe, taking big bets on a sometimes eccentric array of investments, ranging from the humdrum U.S. Treasury securities to the more exotic, such as cocoa, palm oil and the Mexican peso. Dealing with risk is simply what she needs to do to make money and make money she does, for herself and her investors.

Although Galtere Ltd., like all hedge funds, doesn’t disclose its returns publicly, those in the know say it has earned close to 16% a year since it opened its doors, and last year reported a gain that came close to triple the meager 3.5% investors would have earned by putting their money into the S&P 500 stock index.

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