Reuters India – Hedge fund firm 47 Degrees North has launched a portfolio that will invest in funds in areas such as electricity, transportation and volatility arbitrage as it seeks fresh ways to sidestep falls in traditional markets.

The firm, which is part-owned by Iveagh, the investment office of the super-rich Guinness family, said the 47 Degrees North Innovation fund will invest in 20-to-25 funds in non-traditional areas that will also include insurance-linked securities and Middle East and North African equities.

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Tags: electricity, guinness family, hedge fund, india, innovation fund, insurance, investment office, middle-east, reuters, traditional areas, traditional markets, volatility arbitrage

Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday.

Under the deal, Iveagh will be a minority shareholder in 47 Degrees North and provide seed capital for new launches, which are set to include emerging managers and innovative hedge fund strategies, the hedge fund firm said in a statement. It did not give the size of the stake.

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Tags: forbes, fortune, fund-of-hedge-funds, future fund, guinness family, hedge fund strategies, investment office, iveagh, minority-shareholder, new launches, seed capital, stake