Threadneedle Aims for $1 Billion Increase

The New York Times – Threadneedle Asset Management is seeking to increase its commodity fund to as much as $1 billion in the next two years, Bloomberg News reported.

The London-based hedge fund, which oversees assets of $79.6 billion, is targeting a return of up to 15 percent this year from its Threadneedle Commodities Crescendo Fund, manager David Donora told Bloomberg News. The $22 million fund returned 5 percent to July 27, he said.

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