Commodities Hedge Funds Struggle In New Era; Frere Down 22% In Oct.

Last month did not go well at all for one commodities hedge fund, to say the least. Frere Hall Capital, founded by Taimur Hassan took in a loss of 22% in October, plunging the total return to -23.2% for the year. Citadel and Yale alum Taimur Hassan served as a Managing Director at Goldman Sachs before launching Frere Hall Capital in July 2012. The Yale alum has also worked at Citadel Investment Group as a trader between 2003-2007. The year-old hedge fund mainly trades energy related assets and netted a +9% gain in last year, according to Bloomberg News. The…