Launches & Closures Hedge Funds

Franklin Templeton scion Charles Johnson launches equity fund

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Tano prefers to get its commodity exposure through equity stakes.

Tano Capital, the $250 million hedge fund and private equity firm founded by Charles Johnson, former co-president of Franklin Templeton Investments, has launched the Tano Global Hard Assets Fund. The long/short strategy rolled out with $80 million on Jan. 4, director James Alexander told AIN.

The fund, managed by Johnson, primarily invests in U.S. hard assets and commodity-related equity. “From a macro standpoint, the fund invests almost exclusively in U.S. equities that are sensitive to global commodities,” Alexander said. If Tano sees growth opportunities in electronic devises in China, the fund will purchase equity in a U.S. copper-producing company,