Asset manager Threadneedle Investments has launched the Columbia Threadneedle SICAV-SIF Absolute Commodities Fund that aims to target a 10%-15% return on an annualized basis, net of fees, on a long term investment horizon. 

 

Threadneedle launched its first commodities strategy in 2010 and currently manages in excess of US$1 billion.The Columbia Threadneedle SICAV-SIF Absolute Commodities Fund will be managed by Nicolas Robin, who joined Threadneedle in 2010 and has over 12 years’ experience in long/short commodities and index trading.  He co-manages the US$1 billion Threadneedle (Lux) Enhanced Commodities Fund with David Donora.  Since launch, the Threadneedle (Lux) Enhanced Commodities Fund returned 33.2% compared to the index return of 10.8%.

Nicolas Robin, fund manager, said: “This new fund will have the same strategies successfully implemented in the Threadneedle (Lux) Enhanced Commodities Fund, but will be an unconstrained, high conviction absolute return fund with more flexibility to implement our views on the commodity markets.  We believe that through the analysis of fundamental and structural elements, we can deliver positive returns in all market cycles.”

 

The fund has been approved by the CSSF (Commission de Surveillance du Secteur Financier) and is for qualified and professional investors only and not available to retail investors.

 

Columbia is the US-based fellow asset management subsidiary of Ameriprise.