Red Kite Plans US$1 Billion Long-Only Metals Fund

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...