Resolution and Hexam launch Global Resources fund

Resolution Asset Management and Hexam Capital Partners have launched the Global Resources Absolute Return fund.

The fund opened on 27 September and is the second product launch from Resolution’s collaboration with Hexam.

The Global Resources Absolute Return fund is a long/short hedge fund and has a target return of 20% and a volatility level of 15% per year.

It also features a performance fee of 20% on absolute returns over a high watermark in addition to a 1.5% annual management charge.

The portfolio will invest across a spectrum of commodity-based equities, including base metals, bulk commodities, chemicals, energy, precious metals and soft commodities.

Minimum investment in the vehicle is €250,000 and there is no maximum contribution.

The first fund in the Resolution and Hexam range was launched in August, called the Resolution EMEA Absolute Return Fund.

Two long only funds, focusing on Emerging Europe and Global Emerging Markets, are scheduled to launch in the near future.

Categories: Equities | Investment