Carlyle’s Vermillion Launches Metals Fund

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.


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