NEW YORK (HedgeWorld.com)–Framework Investment Group has closed the onshore and offshore versions of its commodity funds with approximately US$350 million in assets under management.
The funds had reached their one-year anniversaries, according to the firm. The launch of the offshore Framework Asset Investors Ltd. fund was announced last June Previous HedgeWorld Story. At that time, the pre-marketing for the July 1 fund launch was being well received by investors and Framework officials said that future capacity could be reserved for early investors.
The funds invest in physical commodities such as metals, industrial assets, livestock, energy products, grains and agricultural items. The firm, which has a 35-member staff, is able to handle the receiving, managing and delivery of these assets.