Friday, June 26, 2009

Hedge, Pension Funds to Lift Commodity Investments, BarCap Says

By Chanyaporn Chanjaroen

une 25 (Bloomberg) -- Commodity investments from hedge and pension funds will probably expand as investors have become more optimistic on a global economic rebound, Barclays Capital said.

An index of the net long position in 20 raw materials monitored by the U.S. Commodity Trading Commissions rose to its highest since July this month. The Reuters/Jefferies CRB index has advanced 9 percent this year, recovering from the worst slump ever in 2008.