Wednesday, 17 December 2014
Last updated 4 hours ago
Jul 1 2010 | 12:13pm ET
More than a year after launching its first fund, Baobab Asset Management is on the lookout for a little help.
The Connecticut-based firm is seeking a “strategic partner” to invest in its Natural Resources Fund, firm founder Russell Fryer told HFMWeek. “We think a strategic partner is the way to go because seeders like to get in from day one,” the former North Shore Capital natural resources head explained.
Day one for Baobab was in March of last year. The long/short fund returned 22% in 2009 and is flat this year; its largest investments are in uranium, lithium, agriculture, platinum and coal.
Fryer said he’d welcome a minority investment in hedge fund itself or through a managed account, and it looking outside the traditional seeding environment, including to banks and “specifically natural-resources focused” firms.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.