Commodity hedge funds look forward to robust rally

Weathering the storm

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The sudden reversals in commodity and energy prices in May and June caught many hedge fund managers by surprise.

Some of the biggest commodity hedge funds, including Clive Capital, Touradji Capital Management and BlueGold Capital Management, which together manage close to $10 billion, are nursing double-digit losses for the first half of the year after high conviction bets on rising oil prices turned against them, according to investors familiar with the funds.

Commodity hedge funds suffered larg