Touradji Hedge Fund Fell 9.4% in June as Commodities Rallied

Paul Touradji, the commodities trader who warned the market may collapse, posted a 9.4 percent loss in his main hedge fund last month as energy, food and metals prices rallied, said two investors with knowledge of the matter.

The decline left the $2.5 billion Global Resources Fund down 11.9 percent in the first half of the year, said the investors, who declined to be identified because the performance numbers are private. Touradji, whose New York-based Touradji Capital Management LP oversees $3.5 billion, declined to comment.