Saturday, 20 September 2014
Last updated 18 hours ago
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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.