Jun 08, 2009 --- 47 Degrees North Capital Management announced the launch of the 47 Degrees North Innovation Fund. ---
A company news release said the fund offers access to a diversified portfolio of "new and innovative alternative investment strategies." 47 Degrees builds a portfolio that offers return potential and diversification.
The U.K. Fund combines a thematic set of alternative investment strategies ranging from Transportation, Electricity, Middle East - Northern African Equities, Insurance-linked Securities, and Alternative Energy, to Volatility Arbitrage and Multi-Commodities.
"This fund launch complements our product offering and is a natural extension of our focus on emerging hedge fund managers," said Claude Porret, CEO of 47 Degrees North, in the news release. “New and upcoming hedge funds strategies are often managed by newer, independent, and entrepreneurial teams. Our Innovation Fund is an attractive offering for investors who want to get access and know-how in regard to new strategies in a diversified portfolio in order to mitigate risks."