WEST PALM BEACH, FL (HEDGECO.NET) – Hedging-Griffo, the Brazilian hedge fund company, announced it would open its first fund to international investors, according to Mr. Luis Stuhlberger, the head ofthe investment team for the firm. The HG Verdas fund invests mainly in commodities; the fund manages about US$530 million of investor assets. According to Stuhlberger, the fund has returned 25.2% ayear since the fund�s inception in 1997.
Stuhlberger, commenting on the funds philosophy said, “My strategy is, we put money in only if there is a lot to win and little to lose, and we use very little leverage. I need to feel safe.� The fund management decided to open Hedging-Griffo to international investors for the first time; such decision is aimed at globalizing the firm�s hedge fund operations.
Although the primary focus of Hedging-Griffo funds is in commodities, the firm also manages other global macro portfolios, and according to Stuhlberger, those portfolios did very well speculating on the dollar decline against the euro.
Stuhlberger also disclosed that the funds have now turned their attention on Asian currencies because of opportunities existing in its valuation. Stuhlberger said, �How long will the US allow the Asian bankers to control their currencies? The valuation of Asian currencies is a short-term opportunity for us, maybe one to two years. When they stop the control, there will be fall-out and that is where the profit is to be made.” Stuhlberger has a degree in engineering but joined Hedging-Griffo as a commodities broker, he has over 20 years experience in such arena, and his hedge fund management firm has over $2.5billion in total management, assets according to Stuhlberger.
Paul Oranika
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HedgeCo.Net
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