Fri, Jan 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Innocap teams up with newcomer Akira Capital to launch commodity fund

Friday, December 07, 2012
Opalesque Industry Update – Innocap Investment Management Inc., a strategic alliance between National Bank of Canada and BNP Paribas, has teamed up with Akira Capital Inc., a new Montreal-based fund manager, to launch the Innocap Akira Commodity Fund LP.

Akira specializes in commodity derivative investments and uses a discretionary, multi-strategy approach to trade in listed futures and options across all commodity sectors. Headed by Yves Martin, the firm currently has $25 million of assets under management and was named after a climbing wall located in Western France, which was at one point the most difficult natural climbing wall ever successfully climbed.

Yves Martin founded Akira to manage funds for institutional investors and accredited investors with the aim of delivering positive absolute returns by combining a top-down and a bottom-up investment process focused on commodities. Mr. Martin is Akira’s President and a former Vice President for Jefferies Financial Products in Stamford, Connecticut, after spending most of his career at Caisse de dépôt et placement du Québec, one of Canada’s largest managers of pension funds.

Also on Akira Management team are Vice President, Investments Hervé Fefer, former commodities portfolio manager at Caisse; Chief Risk Officer Paul Turcotte, also formerly at Caisse; and trader and market Analyst Olivier Tardif-Drolet, former trading analyst on the natural gas desk of BP Integrated Supply and Trading. The four partners will also be looking to launch a second commodity fund for U.S.-based and foreign investors in the first half of 2013.

The Fund joins other Canadian managers (Innocap Casgrain Bond Fund LP, Hexavest GTAA Fund LP, NBCAI Credit Dislocation Fund LP and Innocap Sigma Alpha GM+ Fund LP) on Innocap’s Canadian Limited Partnership Structure which has reached $260 million in assets under management as of November 30th, 2012.

The structure thus now houses five specialized Quebec-based managers with strong portfolio management skills and knowledge of local and international markets. The offering addresses investors' appetite for hedge funds while providing visibility for Quebec and Canadian managers. The Innocap platform provides a risk and asset-controlled environment for investing in hedge funds.

(press release)

About Commodities
According to the recent report by Citigroup, “The New Abnormal: 2013 Commodities Outlook’’, the end of the commodity super-cycle combined with extended periods of negative roll yield will cause investors to shift from simple long-only strategies to more enhanced-beta or alpha-focused commodity strategies. The same report also mentions that “exceptional rewards from tail risk events should continue to make commodities an attractive investment vehicle for a wide array of portfolio managers, as no other asset class provides such an opportunity from wildcards’’.

About Innocap
Innocap, which stands for Innovative Capital, is the result of 16 years of investments in hedge fund strategies with approximately $2.3 billion in assets under advisory as of November 30th, 2012. Innocap acts as the Investment Manager for the Canadian limited partnership structure and as Investment Advisor to Innocap Global Investment Management Ltd, which manages a Malta-domiciled collective investment scheme licensed as a Professional Investor Fund. Innocap offers hedge fund managed account solutions using a conservative approach to hedge fund investing with a strong emphasis on risk management, asset control and transparency. This structure increases control over assets; no money is invested directly in the managers' hedge funds. Created by an institutional investor for institutional investors, Innocap's core values, such as a transparent fee structure and no hidden conflicts of interest, are aligned with the high standards expected in the markets. www.innocap.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager