Bloomberg – The Merchant Commodity Fund gained 16 percent in the first eight months as bets on declines in crude oil, iron ore and sugar helped to boost returns, according to Chief Investment Officer Doug King.
The fund, run by King and Michael Coleman, returned almost 8 percent last month, King said in a phone interview from London on Sept. 5. Merchant’s assets under management, a gauge of performance and inflows, increased 39 percent to $185 million in August from the previous month, King said. The fund returned 15.9 percent in 2013, according to King.
