Threadneedle Asset Management Plans to Grow Commodities Fund

September 7th, 2009
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London-based Threadneedle Asset Management Ltd. is seeking to raise assets under management of its Threadneedle Commodities Crescendo Fund to $1 Billion over the next two years in an effort to take advantage of commodity rallies spurred by impending economic recovery. According to Bloomberg, the fund is bullish on oil and sugar, and expects to achieve a 15% return by the end of the year. The Crescendo Fund’s portfolio manager, David Donora, believes that constrained supply of oil amid emerging market demand as well as sugar shortages will allow the fund to realize its target return. The fund is up 5% year to date as of July 27th.
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