Editorial: Losing the Midas touch

For all of the bullish reports and good press received over the last two years at least one fund has been dealt a bad hand while playing the commodities game. Ironically,  the headline victim of those losses is one the industry would expect to be an expert in the field, having headed New York Mercantile Exchange (Nymex) for four years and worked for a leading energy company previously.

The collapse...