Gibraltar To Launch $300 Million Fund Of Mining Hedge Funds

Oct 29 2007 | 11:39am ET

Hedge fund Sirius Investment Management is set to launch its second natural resources product of 2007 later this week.

The Sirius Investment Fund II, a fund of hedge funds focused on early-stage mining investments, is set to debut on Nov. 1. The fund, which will also invest in other natural resources plays, will specialize in hedge funds investing in companies moving from exploration to production—a time when their returns show less correlation to commodities prices—according to Hedge Fund Review.

Gibraltar-based Sirius hopes to raise US$300 million for the offering, which is targeting 20% annual returns. And if the firm’s first natural resources launch of the year is any indication, neither goal should be out of reach: The Sirius Resource Fund, which manages just $50 million, has returned a whopping 54.2% since inception.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of