Chicago Firm Readies Fundamental Commodities Hedge Fund

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.


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