Sunday, 29 November 2015
Last updated 1 day ago
Apr 24 2012 | 2:19pm ET
Commodities hedge fund RK Capital Management is readying a new long-only metals funds that could almost double its assets under management.
The Red Kite Real Return Fund will debut on June 1. London-based RK hopes to raise as much as US$1 billion for the fund and may close the fund to investors if it gets there, Bloomberg News reports.
RK currently manages about US$1 billion.
The new fund will invest in industrial and precious metals, RK co-founder David Lilley said. It will seek to outperform indices tracking both types of metal, as well as the returns of platinum, palladium and tin.
"There are some positive stories out there, but it's not a one-way bet on all metals," Lilley told Bloomberg of the new fund. "It should be a good environment for a discretionary long-only fund."
The fund is designed for clients with an investment horizon of six to 12 months, Lilley said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…