Macquarie Buys British Commodity Hedge Fund

Apr 1 2008 | 2:38pm ET

Macquarie Capital has bought a commodity hedge fund from British-based Craton Capital, which is selling its hedge fund to concentrate on its precious metals long-only funds.

The hedge fund bought by the Australian firm manages about US$100 million, including Macquarie’s own investment, reports.

The firms did not release details about the transaction.

Craton, founded in 2003, manages some US$330 million.

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