Hedge Funds

Leeward launches natural resources fund


Canada's Leeward Hedge Funds group is planning to launch a Cayman-domiciled natural resources fund aimed at institutional investors in January.

The portfolio, which will be managed by Brendan Kyne, is expected to soft close at the $100 million mark. Some $50 million in assets has already been lined up from investors in Leeward's three existing hedge funds. The group expects to cap the strategy in March.

The long/short Leeward Offshore Bull and Bear Resource Fund will focus on North America's natural resources sector. The equity strategy, which will not use leverage or derivatives, will tap opportunities in sub sectors