Wednesday, 26 November 2014
Last updated 2 hours ago
Mar 21 2014 | 11:07am ET
The Carlyle Group’s commodity unit has launched a new gold and base metals fund with $122.5 million.
The Aeris Metals Fund is led by Vermillion Asset Management traders Greg Buechele and James Tatum, Reuters reports. The fund, Vermillion’s sixth, will invest in both physical metals and derivatives.
Aeris’ launch—Carlyle did not specify a date of debut in the regulatory filing—is part of Vermillion’s effort to rebuild its capital base. The unit’s assets under management plummeted by more than half, from $2 billion to $900 million last year.
Carlyle acquired Vermillion in 2012.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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