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From Kirsten Bischoff, Opalesque New York:

Ebullio Capital Management launched its Ebullio Commodities Fund in January 2008 with the impressive goal of targeting 20%-30% returns. Walking headlong into the deepest financial crisis since the Great Depression, Ebullio’s team had on its side the fact that its investment of choice was commodity futures. By the end of their first year Ebullio had launched to outside investors (October) and returned 91.91% for the year, a positive streak that has continued into 2009 when their April month end brought the fund to 10.52% YTD.

A combination of asset raising and performance allowed the fund to grow by 52% in April 2009 moving assets under management past the $50m mark.

Discussing the firm’s asset raising efforts, the team’s US based investor relations representative David Maynard told Opalesque, “We’ve definitely hit a sweet spot within the market. I think if we did this two years ago – we would have been up against everybody and their uncle who had positive returns because everybody does well in a bull market…We are very fortunate to be set up to be both long and short and as futures traders we are used to trading long and short and that has been a distinct edge definitely in this environment.”

In addition to the investment team’s outperformance Maynard also attributes the structure of the fund to growing investor interest. The Fund offers 30 days notice on red......................

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