Thursday, 25 December 2014
Last updated 15 hours ago
Feb 24 2010 | 2:21am ET
London-based Commoditrade is opening its hedge fund unit to outside investors next month.
The investment firm has renamed the unit, which it bought last February, for the occasion. Rather than investing in AMCO Commodities, investors will give their money to Mentum, Bloomberg News reports. And instead of the hedge fund structure that the firm has employed since its debut four years ago, Mentum will offer separately-managed accounts exclusively.
Mentum, which had $100 million in assets when Commoditrade bought it last year, has been seeded with $20 million by its parent.
The rebranded entity features five portfolio managers. Three will trade the six primary metals on the London Metals exchange. The other two will trade energy derivatives on ICE Futures Europe and the New York Mercantile Exchange.
AMCO’s hedge fund returned 21% between May 2006 and February 2009.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.