Wednesday, 20 August 2014
Last updated 5 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note