NEW YORK (Dow Jones)--Retail investors, worried about inflation, have turned to commodities as a hedge. For some hedge funds, the strategy comes with an extra layer.
A number of hedge funds pursuing a strategy known as "global macro" have taken to buying commodities and going short Treasury bonds at the same time.
Hedge fund advisory firm Hennessee Group LLC tracks 20 macro firms with assets totaling about $80 billion. About three quarters of them are making the commodity-Treasurys trade, said Charles Gradante, Hennessee's co-founder.
The idea is that with benchmark U.S. interest rates near zero and the Federal Reserve essentially...
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Ruin-Nation
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