San Diego Ready To Invest In Red Kite Mines Hedge Fund

Jun 14 2011 | 2:01am ET

The San Diego County Employees Retirement Association is poised to add a prominent commodities hedge fund to its real assets portfolio.

The $8 billion public pension's investment staff has recommended a $50 million investment with RK Capital Management, which runs the Red Kite family of metals hedge funds. Specifically, SDCERA would invest in Red Kite's Mine Finance Fund, HFMWeek reports.

That fund, launched three years ago, returned 19.3% last year.

RK was founded in 2004 and is one of the world's leading metals-focused hedge funds.

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