Hedge Fund Focus

47 Degrees North Launches Fund Combining Innovative Alternative Investment Strategies

47 Degrees North Capital Management Ltd announced the launch of the 47 Degrees North Innovation Fund as of June 1st 2009, a fund that offers investors access to a diversified portfolio of new and innovative alternative investment strategies.

The Fund combines a thematic set of alternative investment strategies ranging from Transportation, Electricity, Middle East - Northern African Equities, Insurance-linked Securities, Alternative Energy to Volatility Arbitrage and Multi-Commodities. 47 Degrees selects these funds based on in-depth, fundamental bottom-up research methodology, constructing a robust portfolio that offers attractive return potential and diversification with skilfully selected managers trading these innovative themes and strategies.

Earlier this year, 47 Degrees North entered into a strategic partnership with Iveagh, the London-based private investment house of the Guinness family. Iveagh acts as initial investor of the fund that is open to other qualified investors. Iveagh has also invested in the 47 Degrees New Generation Fund that invests alongside the Fund of Emerging Hedge Funds launched in 2007 for the California Public Employees’ Retirement System (CalPERS) under the Risk Managed Absolute Return Strategies (RMARS) Program.