The past year has been rough on commodity-focused hedge funds. Persistently low oil prices hammered managers who had expected the market to bounce back, while many funds experienced drawdowns as skittish investors pulled money out.
Many of the bigger players in the space, which once had billions of dollars in assets under management (AUM) – firms like Houston-based Centaurus or London-based BlueGold and Clive Capital – are gone, having shut down in the past several years. The industry may have
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