Fund launches & closures

Duet Alternative Investment starts commodity fund of funds

by

Duet Alternative Investments, the fund of funds division of the Duet Group, the $2.4 billion alternative asset management group led by Alain Schibl and Henry Gabay, has launched the DAI Dynamic Trading Fund. The new fund is a fund of commodity trading advisers, investing in a diversified group of CTAs with varying investment styles.

Doug Morse, portfolio manager of the DAI Dynamic Trading Fund and chief investment officer for the US, will be running the portfolio and reporting to Eric de Candia, chief executive officer of Duet Alternative Investments. The hedge fund's multi-manager business is a result of the