Blacksquare Commodities Fund Of Fund Debuts

Jun 11 2008 | 11:57am ET

Blacksquare Capital Management is going digging for double-digit returns. The London-based asset manager has launched a commodities fund of hedge funds, targeting compounded returns of 15%.

The Blacksquare Capital Commodity Fund will invest in between 10 and 15 commodity and natural resource hedge fund managers, HedgeWeek reports. Some of those managers’ funds are currently closed to new investors.

The fund is available in U.S. dollar, euro and pound Sterling share classes.

The commodity fund is Blacksquare’s third fund, and second launch this year. The firm unveiled its Global Macro Fund of Funds in January.

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