Martello Launches Resources Fund Of Hedge Funds

Feb 12 2008 | 3:20pm ET

Martello Investment Management has launched the Martello Resources Fund SPC, a commodities-focused fund of hedge funds, with $17 million in assets.

The majority of the fund’s assets are invested with hedge fund managers who focus on two trading styles: long/short equity sector specialists using fundamentally-driven discretionary approaches, and systematic traders using quantitative strategies. The Resources Fund will have exposure to both the equities of commodities companies and direct investments in the resources themselves, in the form of listed futures and options, over-the-counter derivatives or physical contracts.

“This fund is positioned to provide diversification to an overall investment portfolio by benefiting from the longer term opportunities in resources and commodities,” said David McCarthy, Martello’s founder and chief investment officer.

The Resources fund charges a 1% management fee and a 10% performance fee. Its minimum investment requirement is $1 million.

Great Barrington, Mass.-based Martello was founded in 2002 and currently manages and advises on $900 million in client assets.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note