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The Opalesque Team:

Opalesque has learned a little more about the Magnum sponsored fund being managed by former Touradji employees Gentry Beach and Robert Vollero.

The Vollero Beach Magnum Fund (VBM Relative Value Fund) will focus on short-term investing in commodities equities. Opalesque has learned the fund returned an estimated +1.75% in its first full month.

The fund will invest mainly in large cap and mid cap securities and will target an 80% exposure to North American equities. A short-term, liquid strategy the fund will allow for quarterly redemptions with one-month notice.

Beach and Vollero, perhaps best known for their litigation against former employer Paul Touradji, (Beach sued Touradji for $25m in back pay and Vollero has also joined in with a suit), have also spent a significant portion of their careers focusing on commodities – specifically energy related equities, which will be a specific focus for the VBM Fund. Beach’s background includes time spent working on M&A at Enron, at fund firms Solstice Equity Management and then at Morgan Stanley, where he first worked with Vollaro, before the two moved to Touradji Capital Management. The VBM team is rounded out by CFO/COO Michael Lubman and Sr. Analyst Ashish Gupta.

According to correspondence with investors, the firm’s energy bent drove returns during July, with smaller trades portioned to agriculture and industry.

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