By Chanyaporn Chanjaroen - Jul 8, 2010
FourWinds Capital Management, which manages more than $1 billion in natural-resource funds, took over the management of Cole Partners Asset Management LLC’s fund of commodity funds for an undisclosed sum.
The Tellus Liquid Commodities Fund, a Delaware limited liability company, will be available for U.S. investors and have its name changed to Zephyr Liquid Commodity Fund LLC, Boston- based FourWinds said today in an e-mailed statement. The company already has a fund of commodity hedge funds called the Zephyr Commodity Fund.
“FourWinds U.S. does not anticipate making any material changes to the fund structure or strategy in the short term,” the firm said. Tellus invests in funds through so-called managed accounts and third-party platforms.
Cole Partners, based in Chicago and founded in 1998, conducts research and marketing for funds, according to its website.
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