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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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