(Bloomberg) -- As investors pull billions out of commodities, Yale University Professor K. Geert Rouwenhorst’s funds are still attracting new money.

SummerHaven Investment Management oversaw $1.5 billion as of November, from $600 million in January, said Kurt Nelson, a partner and co-founder with Rouwenhorst. That’s even as raw-material prices fell and its exchange-traded fund declined.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.