Hedge Funds, Institutions to Grow in Commodities, Barclays Says
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Hedge funds and institutional investors will put more money into commodities next year on bets that a recovery in the global economy will boost demand for metals, grains and energy, according to a Barclays Capital survey.
About 76 percent of the respondents surveyed at a Barclays conference yesterday in New York predicted a bigger inflow into direct commodity investments than in 2010. New investments this year were $50 billion, the London-based bank said. Copper will probably have the biggest gain next year, followed by grains and crude oil, according to the survey.