Tritone Capital Management has launched the TCM Global Strategy Fund LP, a global commodities hedge fund.
Created for accredited investors and qualified clients, the fund seeks to deliver superior absolute returns, primarily through active investments, both long and short, in commodities futures based on the components of the Rogers International Commodity Index, options on commodities and commodity-related equity securities.
TCM Global Strategy Fund, LP will be managed by Jeffrey Neufeld, the founder and managing partner of Tritone Capital Management LLC. Neufeld has recently served as a consultant for Bank of America's global derivatives business and technology initiatives. Prior to that he was an Assistant Vice President with Northern Trust Global Investments, the asset management arm of Northern Trust Corporation where he worked in securities lending, quantitative equity, active and high-yield fixed income and derivatives.
The selection process deployed in the fund combines technology, software and multiple proprietary models to identify investment opportunities that meet specific fundamental and technical parameters. Active oversight and aggressive measures to manage risk, including active collateral management and Foreign Exchange overlays, are applied to both individual positions, and the entire portfolio.
'We believe that an actively managed, globally diverse portfolio can adjust and grow with the changing commodities markets, particularly the increased demand for energy and consumables,' says Neufeld, Tritone's Portfolio Manager. 'Our top-down approach draws upon global macroeconomic, fundamental, and technical analysis to identify trading opportunities, with the ultimate goals of augmenting returns, preserving capital and reducing risk.'
Minimum investment in TCM Global Strategy Fund, LP is USD 100,000. The Fund charges a 2% management fee, 20% performance fee and offers monthly redemptions. A special initial offering period is open until 31 December 2006, during which, investors may benefit from reduced fees, capacity guarantees, and flexible liquidity.