May 11, 2021

Tribeca launches new Cayman vehicle

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offshore-investment_0From Money Management

Tribeca Investment Partners has launched a new Cayman vehicle for the Tribeca Global Natural Resources Fund aimed at meeting demand from international investors.

Launch of the new product was confirmed by the co-portfolio manager of the fund, Ben Cleary, who said the investor demand was proof that Australian-based hedge fund managers could 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,” he said.

The company described the Tribeca Global Natural Resources Fund as a global long short natural resources strategy that used 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 ran low net exposures and aimed 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,” Cleary said.

He said 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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