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Thursday, 19 January 2017
Last updated 17 min ago
Jan 17 2008 | 1:00am ET
Geneva-based INOKS Capital has launched a multi-strategy fund investing in three major asset classes.
In its first two months of trading, the US$13 million Trium fund, which invests in commodities, debt and equities, using both discretionary and systematic approaches, returned 3.34% in November and 10 basis points in December.
Trium’s systematic commodity strategy seeks to profit from long-term trends and focuses on traditional commodities like soft commodities and agriculture. Its debt strategy is managed by the firm’s collateralized-finance team, which structures global credit to commodity players around the globe. And the equity strategy focuses on European equities and seeks to rapidly seize short-term opportunities in highly volatility markets.
The fund currently trades with partner capital and has no obligations as far as asset allocation, according to Maximilian Tomei, CEO.
“It can be anything from 150% overall exposure in the three asset class to 30%,” he said. “We’re currently sitting on 50% cash and that can change over two days.”
“We’re all former Cargill people so we’re commodity-oriented and Trium obviously has a commodity flavor.”
Tomei said the new offering is a good diversifier from the firm’s “calmer” Ancile fund, which is a structured finance fund that targets 10% annual returns with volatility below 1%, and its equity fund, the Eira Fund, which is a 24% volatility fund. He also mentioned that the firm is planning to launch a leveraged version of the Ancile fund toward the end of the year.
“We work in countries in Central and Western Africa, Southeast Asia and South America, where big banks don’t go, because the commodities market is exploding and people are really looking for financing,” he said.
Trium charges a 2% management fee and a 20% incentive fee with a US$250,000 minimum investment requirement.
INKOS currently manages some US$150 million in total assets.