Ben Cleary

Tribeca Investment Partners has launched a Cayman vehicle for the Tribeca Global Natural Resources Fund to meet the demand from international investors.

Ben Cleary, co-portfolio manager of the fund, said: “This demand is proof that Australian based hedge fund managers can compete on a global stage and hold their own.

“International investors are coming to Australia to find talented fund managers who have a different perspective.”

The Tribeca Global Natural Resources Fund is a Global Long Short Natural Resources strategy that uses fundamental research to analyse commodities and equities. Predominantly focused on large capitalisation and liquid equities, it can also invest in other asset classes to hedge and enhance returns. The Fund runs low net exposures and aims to generate superior risk adjusted returns while seeking limited correlation to equity markets.

The AUD denominated unit trust was launched on 31 October 2015 and has been targeting family offices and high net worth investors.

“The decision was made to launch a Cayman vehicle due to the high levels of demand coming from international investors, in particular Asian family offices,” Mr Cleary said.

“There is inherent volatility in the resources sector that provides a huge amount of opportunity for investors.

“Australian based fund managers have a clear advantage in the resources sector and being in the Asian time zone is an advantage,” he said.

Tribeca manages assets of $2.4 billion overall, with close to a billion invested in hedge fund strategies.

The move to launch a vehicle for international investors follows recent growth in the team, with Craig Evans appointed to the newly created role of co-portfolio manager for the fund in May this year.

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