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Metal gurus to offer hedge fund

Master Adviser principal Doug Brodie and his brother Chris are set to launch a long/ short commodities hedge fund.

The brothers have tied up with hedge fund specialist Krom River to launch the fund in June. Chris Brodie will act as trader and chief investment officer for the Krom River Capital Partners commodities hedge fund. Doug Brodie will be chief operating officer in charge of marketing and distribution.

The fund will invest across a range of commodities globally and use futures to exploit current volatility in the market. It will not be index-constrained and is likely to launch with a big metals’ bias.

Minimum investment is $100,000. There is a 2 per cent annual management charge and 20 per cent performance fee. The fund has a capacity of $500m but will soft-close to new investors at $40m.

The Brodies say they have received strong interest from major fund of hedge fund managers but the fund will mainly target institutional and high-net-worth private clients.

Chris Brodie says: “There is a lot of money ready to be invested in the commodities arena and very few commodity funds open. They are also being seen as an increasingly attractive asset class for pension funds, allowing for proper balance within a portfolio.”

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