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

July 12th, 2010
| More
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

More Recent Headlines

John Paulson’s Advantage Plus hedge fund loses 6.9% in June

Hedge Funds fall in June but outperform major indices

Round Rock’s Tan Maruyama aims to raise $100 Million

Michael Lau to spin-off Candlewood Investment Group from Credit Suisse

Man Group looks to China for hedge fund sales expansion

Top hedge fund firm launches of 2010 YTD raise over $700 million

John Ho’s Janchor Pan Asian hedge fund raises $100 Million

Galena outperforms BlueGold, Clive Capital and Touradji Capital

Fred Drasner and Marc Lasry’s Avenue Capital place top offers in Newsweek bidding war

Shareholder Activist Update: Spotlight Advisors and Clinton Group