Plenum Launches Commodity Fund of Funds

Feb 27 2007 | 3:07pm ET

Zurich, Switzerland-based financial services firm Plenum Group is set to launch the Plenum Specialized Commodity Fund on March 1. The fund of funds will invest in commodity funds that find opportunities in unconventional and traditional commodity and energy markets, and is expected to launch with some $6 million in equity.

Initially, the Plenum fund will invest in six underlying managers with exposure to niche areas such as cash and derivative freight markets, electricity trading, nuclear power and other, more traditional commodity and energy markets, according to Haakon Haland, portfolio manager. It will not invest in more than 10 underlying managers.

“We’re looking for manages who are not that mainstream,” said Haland. The underling managers’ track records range from just a few months to as much as 18 months, with assets in between $10 million to $100 million.

The new British Virgin Islands-domiciled fund of funds charges a 1.5% management fee and 20% performance fee, with a $100,000 minimum investment requirement.

The Specialized fund is the second fund of funds from Plenum. The group currently manages a Pan-Asian fund of funds, dubbed the Plenum Asian Dragon Fund, and a single-manager fund that trades in the Nordic electricity market, the Plenum Power Fund.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.