Ermitage’s Resources Fund Breaks $100M

Jan 24 2008 | 12:31pm ET

U.K.-based Ermitage Group said its specialist Resources Fund, a commodities-focused fund of hedge funds, has surpassed $100 million in assets under management.

The Resources Fund, which now manages some $110 million, employs niche strategies and early stage managers diversifying across global markets, sectors, styles and themes. It began trading in June 2005 and returned 9.48% last year. 

"We believe ongoing positive demand/supply fundamentals will create future opportunities for commodity investments to deliver absolute returns and diversification benefits to investors,” said Jonathan Wauton, chief investment officer. “Since launch, the fund has produced better absolute performance than passive commodity indices, and done so with lower volatility.”

The Resources Fund charges a 1.5% management fee and a 10% performance with a US$100,000 minimum investment requirement.

The Ermitage Group managed some US$2.8 billion in total assets as of the end of November 2007.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of