Duet Group unveils commodities fund
From Products Jul 2 2010 BY: Gary Shepherd
, Editor
, Portfolio Adviser
Alternatives specialist Duet Group has launched Commodities Fund, which will focus on detecting superior sources of returns in all commodities with emphasis on energy, metals and foreign exchange.
The Cayman-domiciled fund is managed by chief investment officer Tony Hall, a new joiner at Duet having previously been global head of distillates oil trading at Credit Suisse-Glencore from 2008 to 2010.
Hall will focus on energy, alongside a team of product specialists. Arno Pilz will be in charge of metals trading globally, and there will also be focus on agricultural trading.
A fundamental approach is used with macro-economic and physical market information, combined with various technical market indicators to generate fair values, forecasts and trading signals for commodity prices.
Alain Schibl, co-founder of Duet Group, said: “We believe in the long term attractiveness of investing in commodities particularly in current market volatility which offers opportunities to generate high returns. We are delighted by the launch of this fund and to have the addition of such talented and experienced individuals to run it. We believe that having a commodity fund is significant in taking the firm to the next stage.”
IA Fund Facts:
Name: Duet Commodities Fund
Domicile: Cayman Islands
Minimum investment: €250,000