Global Advisors, a specialist commodity hedge fund manager, has announced changes to the terms of its Global Commodity Systematic Fund to enhance the liquidity available to investors.
Global Advisors, a specialist commodity hedge fund manager, has announced changes to the terms of its Global Commodity Systematic Fund to enhance the liquidity available to investors.
In the midst of the current financial crisis, many hedge fund investors across the globe wishing to redeem their investments discovered that they were unable to retrieve their money due to suspension and gating provisions.
Global Advisors has agreed to remove all gating provisions stated in the terms and conditions of the Global Commodity Systematic Fund.
Daniel Masters, who co-founded Global Advisors in 1999, says: ‘Global Commodity Systematic is a highly liquid programme, trading the largest of the exchange-listed physical commodity futures contracts.
‘In the current investment climate we are passing on our underlying liquidity to investors in our fund. This action is in response to demands from investors globally, that we feel are justified, that hedge fund managers should always be able to meet redemption requests.’
The Global Commodity Systematic Fund uses quantitative models developed in-house. The fund offers full long/short exposure to the systems as well as diversification within the commodity niche by trading inter-and intra-commodity spreads and outright commodities. Market sectors traded include energy, base and precious metals, grains, tropicals, meats and commodity indices.
The Global Commodity Systematic programme has returned a compound annualised rate of 19.20 per cent in 43 months since its inception in 2005 and had USD277m in assets under management at the beginning of February.
