New York (HedgeCo.net) – Commodities are going through their most uncertain period in a long time according to Swiss hedge fund manager MRI Gardner AG .The tragic events in Japan have added questions to a unclear outlook. While there is much talk of government-controlled slowing down of the Chinese economy, and a brighter picture for the USA and hence the dollar, commodity prices have been quite resilient.
“Our launch of the MRI Gardner Absolute Return Commodities Portfolio has proved to be a success despite the volatility around the tragic events in Japan whose effects were felt particularly through most of our intra – month performance.” Mirko Bischofsberger, CEO, said. “Setting off at a very confident 5.6% in the initial two weeks of the launch and then maneuvering through the events in Japan in the most conservative way, the MRI Gardner Return Commodities Portfolio has managed to preserve a highly upbeat performance of 2.12% after its first full month.”
“Overall, the continued expansion in the developing countries, the recovery in the USA and the general supply constraints across the commodities underpins the picture in a fast-changing world.” Bischofsberger concluded.
Alex Akesson
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alex@hedgeco.net
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