Saturday, 10 October 2015
Last updated 16 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…