Opalesque Industry Update: Tiberius, the Swiss investment manager known as a leading independent commodity specialist, has further enlarged its product offering by taking over the VCH Natural Resources Fund as of 1st April 2013. The fund which has about USD 60 Million in assets will be embedded into the research platform of Tiberius and benefit from its strong fundamental analysis. The fund complements the product range which already includes long only, long/short and global macro products.|
At the same time, Tiberius announces the arrival of Dr Torsten Dennin who has previously been involved in the portfolio management of commodity futures and equities at Deutsche Bank and VCH in Frankfurt, Germany. Dr Dennin, who did his doctorate in commodity forward structures and price optimization, managed for more than 8 years commodity portfolios using futures and options which were benchmarked against the DJUBS Commodity Index.
Christoph Eibl, CEO at Tiberius, explains the reasoning behind the firm’s new product and hiring: “We have been on the lookout for a commodity equity fund for a long time and we were able to take over the management of the VCH Natural Resources Fund, which has a very long track record and a substantial asset base. We are convinced that our strong fundamental knowledge in combination with a solid bottom-up approach will lead to superior returns.”
Christoph Eibl further adds: “We are excited to reinforce our team with such an experienced and competent professional. Our new hire’s solid market expertise and proven ability to produce superior returns are key to helping us achieve our targets and to meet the expectations of our clients.”
The Tiberius Group, is a Swiss investment company with assets under management currently totaling USD 1.85bn, of which roughly USD 1.2bn are held in commodity futures. Its flagship fund and strategy, the Commodity Alpha OP currently holds around USD 1.0bn in assets. Tiberius is a recognized provider of strategies covering all aspects of the commodity sector. The firm’s business focus is on the active management of long-only and long/short commodity portfolios.