Funds of Hedge Funds

McCarthy to run Sciens' new commodities fund


Sciens Capital Management has launched the Sciens Natural Resources Fund to take advantage of trends in the commodity markets and take advantage of the long term inflation protection that commodities can provide.

The fund will be run by David McCarthy, chief investment officer of absolute return strategies at Sciens in New York. McCarthy, who used to run GAM's trading funds, ran his own firm, Martello Investment Management, a macro specialist that also had a niche natural resources fund in March 2008.

The new Sciens fund has launched with nine underlying