Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Head of Commodity Strategy
Summary: Hedge funds cut bullish bets on commodities by 18% to 457k lots. While gold, silver, copper and grains were sold as the dollar rose, the oil long expanded further in response to the US decision not to extend waivers to the ban on Iranian oil.