- Advertisement -
- Advertisement -

RFP: Irish Investor Seeks UCITS-Compliant Commodities Fund

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – An Irish institutional investor is seeking to invest between €25 to €50 million a commodities fund for its fund of funds. According to a request for proposal on Global Fund Search, the targeted investment universe includes both direct and indirect exposure to investible commodities, which may involve the use of derivatives. The preferred fund structure is a UCITS fund or a UCITS-compliant Exchange Traded Fund (ETF).

Search Criteria

  • Universe: Investible commodities, direct and indirect exposure, derivatives
    • The use of derivatives must be consistent with UCITS regulations
  • Objective: provide exposure to a diversified basket of commodities
  • Style: Active, passive or smart-beta, fundamental or quantitative
  • Instrument allowed: UCITS Fund or UCITS-compliant ETF
  • ESG: This is not a high priority, but the Fund of Funds is overall Article 6.

Minimum requirements

  • UNPRI signatory
  • Minimum track: 3-year track record preference, but prepared to look at more recent funds.
  • The established fund should have €500m+ to avoid ADLs and swing pricing.
  • The investor does not want to hold more than 10% of the fund.

Other criteria

  • AMC: the investor is giving forward guidance of a target fee range of 50-60bps; however, they are prepared to consider higher fee structures for exceptional products. The strategy holds no investments above 100bps.
  • Strategies which include Performance Fees will not be considered
  • No direct leverage (other than related to the use of derivatives if applicable)
  • Cash positions for liquidity purposes only
  • Quarterly calls with PM and monthly attribution data. Ideally, holdings information. Happy to sign an NDA

Investment vehicle

  • Fund or ETF
  • UCITS compliant
  • Domicile: Dublin or Lux
  • Daily dealing/Pricing
  • Close of business unit prices must be received by 10 am the following morning.
  • Intraday prices can be used in the calculation of the NAV price.

Process outline

  • Shortlisting during Q3
  • Implementation Q3/Q4

Performance data

  • Euro (€)
  • Net of fees

Deadline
July 05, 2024 (Cut-off: Midnight CET, Expiry date inclusive) 

To review the search and apply, asset managers need to register here on globalfundsearch.com

Questions?

Please contact support@globalfundsearch.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Leadership Changes at AMF

Stockholm (HedgeNordic) – Swedish occupational pension fund AMF is set for a leadership change, appointing its head of asset management, Tomas Flodén, as the...

Ridge Capital Expands Team After Hitting €100 Million Milestone

Stockholm (HedgeNordic) – With its unconventional high-yield bond strategy now exceeding €100 million in assets under management, Ridge Capital is expanding its portfolio management...

“7 Years, Niller, Then You Know a Thing or Two”

Stockholm (HedgeNordic) – There is a Danish saying that goes, “7 years, Niller, then you know a thing or two,” suggesting that seven years...

Brobacke Gains 7.6% in Early July, Predicts Continued Bull Market

Stockholm (HedgeNordic) – After a relatively flat first half of 2024, marked by noticeable month-over-month volatility, discretionary macro fund Brobacke Global Allokering advanced 7.6...

Kristofer Barrett Back to Managing Tech Fund

Stockholm (HedgeNordic) – Kristofer Barrett, the former portfolio manager of the multi-billion-dollar Swedbank Robur Technology fund, has returned to managing a technology-focused equity fund....

Tidan’s Resurgence Amid Markets Needing a Touch of Magic

Stockholm (HedgeNordic) – In late 2021, Michael Falken and his team at Tidan Capital launched a hedge fund employing a capital structure relative value...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -