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

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note