Tiberius to tap into Bric's demand for raw materials

Hedge fund group Tiberius is to launch a Multi-Strategy Commodity fund. The vehicle, which will be available in September, will invest in nine multi-managed accounts covering commodities such as energy, metal, livestock and grains. Strategies include relative, trend following and short-term trading. It aims to target a return of 12% to 15% annually with a volatility objective of 8% to 10%. Nicolas Maduz, Matthieu Bosser, Markus Mezger and Christoph Eibl will co-manage the fund. Maduz, chief executive at Tiberius, said: "We decided to launch the fund as demand for raw materials increases...