Four Elements’ Maiden Commodity Fund Debuts

Jan 29 2009 | 1:21am ET

Four Elements Capital, the nascent Singapore-based hedge fund shop, has launched its maiden hedge fund with $8 million.

The firm, founded in November by a quintet of commodities experts from JPMorgan Chase and BNP Paribas, soft launched its Earth Element Fund last month as scheduled. The fund will invest in commodity futures, including energy, agriculture, precious metals and base metals across eight or nine exchanges around the world, according to Asian Investor. Lionel Semonin, formerly of BNP’s global commodity investor group and the chief investment officer of the new fund, will employ both fundamental and quantitative analysis to scrutinize exchange-traded futures. The fund can use leverage up to 200% of notional contract exposure.

In addition to Semonin, JPMorgan veterans Bertrand Egsbaek and Leila Kuhlemthal and Marion Lefevre, formerly of BNP will work on the new offering. Egsbaek handles execution and risk management, Kuhlenthal investor relations and compliance, and Lefevre research.

Earth Element charges 2% for management and 20% for performance, with a $500 million capacity. It boasts monthly liquidity and no lock-up period.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.