Tuesday, 28 February 2017
Last updated 4 hours ago
Nov 11 2011 | 11:45am ET
Chicago-based hedge fund Tusker Capital is readying an offshore version of its flagship vehicle.
Tusker plans to launch its Investment Fund II (Offshore) during the first quarter of next year, HFMWeek reports. The move follows the April launch of the onshore version of the hedge fund, following a year of running the strategy in several managed accounts.
The offshore fund is expected to launch with about $40 million in assets, half as much as Tusker currently manages in the onshore fund.
Tusker, founded last year by Goldman Sachs veteran Anuraag Shah and First National Bank of Boston's Fabiano Silveira Aguilar, focuses on fundamental commodity-related investments. The strategy rose 41% last year and is up 22% this year.