Harewood commodity launch raises £25.5m

Harewood Solutions, part of BNP Paribas, has raised a total of £25.5m after a month of fund raising f...

Harewood Solutions, part of BNP Paribas, has raised a total of £25.5m after a month of fund raising for its latest closed-ended Comac fund. It is only the third launch of a UK closed-ended product so far this year, two of which have come from Harewood Solutions, the first being the group's Enhanced Income fund. An absolute return vehicle, it provides exposure to an actively managed long/short strategy based on a portfolio of 25 commodities selected from the energy, metals and agriculture sectors, through the BNP Paribas Comac Long Short Total Return index. The index is operated by BNP P...