Sunday, 31 August 2014
Last updated 1 day 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 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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...