Hall Resigns as Duet Commodities Fund Manager After Losses
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Tony Hall, chief investment officer at Duet Commodities Fund Ltd., and portfolio manager Arno Pilz resigned after losing money in nine of the past 10 months.
The fund remains open and the portfolio managers are in the process of being replaced, Henry Gabay, co-chairman and co-founder of Duet Asset Management Ltd., said today in a telephone interview from London. Hall and Pilz are still managing the fund while Duet seeks replacements, he said. Hall declined to comment when reached by phone today.