FourWinds purchases Cole Partners’ fund of commodity hedge funds for undisclosed amount

July 12th, 2010
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Last week FourWinds Capital Management announced that it had taken over the management responsibilities of Chicago-based Cole Partners Asset Management’s Tellus Liquid Commodities Fund, a fund of commodity hedge funds that invests through third party platforms and managed accounts.

According to Bloomberg, FourWinds Capital, a specialist in global commodities with over $1 billion in natural-resource focused funds that already manages another fund of commodity hedge funds called the Zephyr Commodity Fund, did not disclose Tellus’s purchase price. The purchased hedge fund’s name will change to the Zephyr Liquid Commodity Fund under FourWinds. The Boston-based manager has stated that it does not plan to make any strategy or structural changes to the acquired hedge fund.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions


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