Merchant Commodity Fund Slumps Amid Decline in Oil, Iron Ore

(Bloomberg) The Merchant Commodity Fund, managed by Doug King and Michael Coleman, fell 10.6 percent in August as commodities slumped, wiping out gains for the year.The fund lost 10.3 percent in the first eight months of 2015, Coleman confirmed via e-mail from Singapore, declining to comment further.Hedge funds investing in commodities have chalked up losses this year amid a slump in the prices of crude oil and iron ore.

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