Soaring natural gas prices boost trend-following hedge fund Drury Capital
Submitted
20/09/2021 - 2:06pm
The recent surge in natural gas prices is helping to generate eye-catching returns for Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury. The firm’s flagship strategy, the Diversified Trend-Following Program, has advanced 30 per cent in 2021, powered both by the recent rebound in commodity prices as well as rising interest rates earlier in the year. The fund’s investment portfolio is split evenly between financials and commodities in a number of long and short duration instruments.