Galena Special Situations Fund: Galena Asset Management

Commodity fund targets upside

Prices reached dizzying heights earlier in the year before the global economic downturn hit demand and sent prices tumbling, in some cases below their production cost. The share prices of commodity companies have plunged in the second half of the year due to the double whammy of falling prices and the mass liquidation in equity markets.

The Galena Special Situations Fund, a multi-strategy commodity fund managed by Galena Asset Management, has not escaped the carnage. It was down 19% at the end o