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Criterion Fund enters agreement with UBS for commodities exposure

Posted on 01 October 2008

Criterion Investments Limited has announced that the Criterion Diversified Commodities Currency Hedged Fund has entered into an agreement with UBS AG to purchase a performance certificate that provides a return linked to the Dow-Jones AIG Commodity Index Total ReturnTM.

The index includes the return on investments in futures contracts for 19 commodities, plus the deemed return on the cash collateral that would be earned by a purchaser of those futures contracts. The initial term of the performance certificate is until October 22, 2008. The purpose of this transaction is to provide the Fund with exposure to a broad commodities index on an interim basis while it continues to seek a long-term commodities strategy….. Full Press Release: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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