Friday, 22 May 2015
Last updated 6 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…