Threadneedle Asset Management Plans to Grow Commodities Fund

September 7th, 2009
| More
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.
See Source
Related Article Tags: Investment Management, Fund Manager and General Financial News


More Recent Headlines

SAC Capital Fires, Now Rehires

Japanese Job Report: Carlyle Loses, Jupiter Asset Management promotes, and Alphex Investments hires

Hedge Funds that Met Redemption Requests in 2008 Starting to See New Inflows

Global Climate Change Fund to launch on Russell Investments’ OpenWorld

Largest Hedge Funds Revealed: Bridgewater, JPMorgan/Highbridge, Paulson & Co, D.E. Shaw & Co. and Soros Fund Management

SEC's Long-Awaited Proxy Changes Make Much Sense Despite Protests

David Einhorn’s Greenlight Capital Exercises Caution Over Second Quarter

Sparx Group Co launches first Global Macro Hedge Fund

Greenwich Hedge Funds still Paying Absurd Rents

Academic Study Sheds New Light on Oil Speculation Debate