newmogul

“The value of the 19 commodities in the Reuters-Jefferies
CRB Index fell $280.6 billion, or 43 percent, from its July 3
peak, a loss larger than their total worth two years ago, data
compiled by Bloomberg show. UBS AG, the Zurich-based bank that
bought Enron Corp.'s energy unit in 2002, plans to exit most
commodity trading. About 15 percent of investors in Boone
Pickens's BP Capital LLC hedge fund may want their money back.” source...