Jersey Hedge Fund Offers Up Managed Accounts

Apr 23 2009 | 10:52am ET

Jersey-based Altis Partners is offering investors managed accounts in its Global Commodity Portfolio, which has been trading via a fund vehicle domiciled on the Channel Island since April 2006.

Global Commodity trades a sub-set of about 60 markets in the commodity sectors, including several of the smaller, less accessible markets not available to the majority of larger managed futures funds, according to the firm. The portfolio was up 44.3% in 2008.

Head of business development Georgia Nakou said the firm had “persistent” demand for a commodity-only product from institutions and funds of funds.

“Investors are keen to use commodities as a diversifier, but also as a route to absolute return,” Nakou said. “Long-only commodity products have demonstrably failed to deliver on the second count, and have exposed investors to the downside of commodity cycles.”

Global Commodity will be offered for managed account investors at fees of 2% for management and 20% for performance. There will be a minimum account size of US$10 Million for a limited period until June 30.

Altis is better known for its flagship $1 billion plus Global Futures Portfolio, a diversified systematic trading program. The flagship offering gained 51.91% last year but has stumbled to a 5.41% loss year-to-date.

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