Hedge Funds

Touradji to launch two new funds


Tiger cub Paul Touradji's Touradji Capital Management will soon launch two tightly focused - and potentially even higher-performing - versions of its very successful flagship commodity hedge fund.

On February 1, the firm will begin trading Touradji DeepRock Partners, a long/short energy fund. Soon thereafter, Touradji will begin taking in money for Touradji Select Opportunities Fund, which will seek to maximize gains by concentrating assets in the firm's best ideas, as well as by taking on more leverage and including more illiquid investments than Touradji's flagship.

Launched on February 1, 2005, Touradji's chief fund, Touradji Global Resources, netted