Hedge Funds
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Commodities trader Trafigura Pte Ltd. said it is closing its flagship Galena Metals Fund, the latest hedge fund victim of the rout in raw materials markets from oil to copper. Commodities hedge funds are heading for their worst year since the 2008-09 global financial crisis, with some shutting down -- including the $450 million Armajaro Commodities Fund -- after losing money and clients. "In view of the difficult conditions prevailing on...