Tuesday, 31 March 2015
Last updated 9 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…