Commodity Surge Is Luring Investors Back to Funds, Kenmar Says
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Surging commodity prices are prompting investors to put more cash back into metals, grains and energy, according to Kenmar Group, which expects funds under management to grow by about a third to $2 billion by next March.
Investors are returning as funds investing in commodity and managed-futures hedge funds are making money, Co-Chief Executive Officer Kenneth Shewer said in an interview. Assets managed by the Rye Brook, New York-based group peaked at $4 billion in 2008, before the financial crisis led to withdrawals, Shewer said.