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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...