Saturday, 25 October 2014
Last updated 1 day ago
Apr 14 2011 | 1:37am ET
One new firm is wasting no time moving from managed account to hedge fund.
Tusker Capital will next month launch a commodities-focused long/short hedge fund, just two months after rolling the strategy out in a series of managed accounts. The Chicago-based firm, founded by Goldman Sachs and Morgan Stanley veteran Anuraag Shah and First National Bank of Boston’s Fabiano Aguilar, invests in commodity-related stocks and futures.
“There are massive dislocations in commodity markets and we wanted to scale it in strategy and capital because we have seen unprecedented shortages in a number of commodities,” Shah, the fund’s portfolio manager, told HFMWeek.
The Tusker Investment Fund will debut with $20 million in initial capital, with most of Tusker’s managed-account clients moving into the hedge fund. The seed investors are all high-net-worth investors, save for one, an Asian institutional investor.
Tusker Investment has a $500 million capacity.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.