Funds of Hedge Funds

New funds make a play for commodity gains


Cole Partners Asset Management and Cozzene Asset Management are the latest firms to offer diversified portfolios of commodity trading advisors, as CTAs, managed futures and commodities grow in popularity.

Cole Partners' Tellus Liquid Commodities Fund offers bi-weekly liquidity and position-level transparency, according to Brad Cole, founder of the fund of funds firm that already has a four-year track record with its Tellus Natural Resources Fund.

Cole Partners estimates that the number of commodity managers dipped to 400 as assets were halved to $40 billion between September and December. "We are