Hedge Fund Jamison Nears $500M Mark

New York-based commodity hedge fund Jamison Capital Partners has more than tripled its assets under management since its debut a year-and-a-half ago.

The firm's Koppenberg Macro Commodity Fund managed $490 million at the beginning of the month, Bloomberg News reports. The fund launched in June of last year with US$150 million.

Jamison was founded by former Morgan Stanley managing director Stephen Jamison. It lost 7.6% last year, but is up 18.5% this year, it told investors.

Koppenberg added 1.4% last month.

Jamison said it expects 2010's fortunes to spill into next year, telling investors that "the fundamental outlook in crude oil continues to improve."