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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...