Murray Derksen Benedicte Gravrand, Opalesque Geneva for New Managers:
A South African commodity hedge fund business located in Cape Town is launching two new funds following the success of its existing products.
The history of the firm started with the Polar Star Fund (ZAR), which was launched in October 2008 within BlueAlpha Investment Management. In January 2010, Murray Derksen and Casper Groenewald joined BlueAlpha as the new managers on this fund. They launched the Polar Star Fund Limited (USD) in July 2010 and were later joined by their former colleagues from Rand Merchant Bank, Johann Theron in 2013 and Francois Maritz in 2014.
As a consequence of asset growth and successful investment results, BlueAlpha transferred the investment management function for the Polar Star Funds to a new entity, Polar Star Management, which now works independently and focuses on commodity strategies, while BlueAlpha continues to run its own equity products, all in the same building. All investment and operational team members responsible for the Polar Star Funds continue with their functions within Polar Star Management.
Polar Star Fund Limited is a USD mirror fund of the Polar Star Fund (ZAR) (which is up almost 19% YTD), a relative value agricultural commodity fu......................
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