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The drop in oil prices and gold dragged hedge funds

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Hedge fund run by trader Andy Hall was hit by the recent collapse in oil prices. Astenbeck Capital Management managed by Hall lost about 17% in July, Reuters reported, citing a letter to investors. This is the second largest loss of the fund. Assets under management of the fund have been about $ 2.8 billion, down about $ 500 million since June.

In addition oil prices and prices of other commodities collapsed in the last 12 months.
Index S & P GSCI, which consists of the most liquid commodity futures is down about 44% over the past 12 months.
This is not the first stokov Fund, which is reeling from the collapse in commodity prices.

Vermillion recently its assets fell by nearly $ 2 billion to less than $ 50 million. Its co-founders left the company.

Bloomberg recently reported that London-based Armajaro Asset Management will close its $ 450-million hedge fund after it dropped to around 11% in the first half of 2015.

Black River Asset Management liquidated four hedge funds, including its fund.

Greenlight Capital David Einhorn and Greenlight Capital Re, a reinsurer of the Fund were also dragged down by the decline in prices zlatoto.latoto.


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