Thursday, 21 August 2014
Last updated 4 hours ago
Mar 6 2007 | 2:15pm ET
U.K.-based Baker Steel Capital Managers on March 1 launched the Genus Dynamic Mining Fund, a long-biased commodities fund with over US$40 million in initial equity.
“Basically, the strategy is predominantly long with the ability to go up to 20% short, but it is not expected that we’ll use that actively,” Kristy Barr, director of marketing, told FINalternatives.
The fund has exposure to companies producing base metals, precious metals, bulk commodities, coals, industrial minerals and uranium, as well as diversified mining companies.
When the fund does put on short positions, it will do so to hedge out its exposure, “so we might do pairs trading, short the commodities or indices,” Barr added.
The new offering charges a management fee of 1.5% and a 10% incentive fee on outperformance, benchmarked against the HSBC Global Mining Index. There is a minimum investment requirement of US$100,000 or €100,000.
Baker Steel currently manages in excess of US$600 million in long-only precious metals and long/short natural resources and energy funds. David Baker and Trevor Steel, former portfolio managers with the Blackstone Group’s natural resources team, established the firm in 2001.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note