Palm oil may extend a rally as dry weather in the main growing regions in Southeast Asia spurs speculation of lower output growth just as biodiesel demand expands, according to hedge fund manager Michael Coleman.
Michael Coleman , who co-manages the $1.3 billion Merchant Commodity Fund , and his partner Doug King have bought a stake in a Singapore-based rubber trader, which had sales of about $1 billion last year.
The Federal Reserve will release minutes from its April meeting at which the Federal Open Market Committee said it would cut bond buying as the economy picks up after winter weather slowed first-quarter growth.
Michael Coleman and Doug King ’s Merchant Commodity Fund and Chris Levett ’s Clive Fund posted returns in the first 11 months that were more than four times average gains by hedge funds and outperformed index investments.
Newport Beach, California, where four ranking lifeguards earned more than the town’s $109,677 median household income in 2012, may partially disband its municipal ocean rescue to deal with rising pension costs.