Industrial metals and bulk materials stand to gain from the nascent post-Covid economic recovery according to metals and mining-focused hedge fund Delbrook Capital, while precious metals trades – an investor favourite during market uncertainty – could be starting to run out of steam. The Vancouver-based firm’s long/short equity-focused strategy, the Delbrook Resource Opportunities Master Fund, generated a 5.3 per cent return last month, posting gains across both long and short positions, with the positive momentum continuing into March.