ML-Implode News - Commods investors, fund managers grow less patient

Three prominent commodity hedge funds have closed in the last month, signaling that both fund managers and investors are growing less patient with unspectacular returns than they were even five years ago, the head of hedge funds at European asset manager Feri said on Thursday.
...
Two funds in London -- Fortress Commodities managed by William Callanan, a former trader for George Soros, and BlueGold Capital, run by ex-Vitol oil trader Pierre Andurand -- said they were also weakened by investors redeeming money from the funds.
...

"Although every hedge fund has the disclaimer that past performance is not an indicator of future results, investors continue chasing past performance," Storr said in an interview.

.. since the financial crisis, six to nine months of weak returns have been enough for some investors to consider yanking the cord on a fund.

Relevant:

Commods investors, fund managers grow less patient