Commoditrade Hedge Fund Goes Managed Accounts Route For Outside Investors

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...