Ermitage Resources Fund: Ermitage Group

European Fund of Hedge Funds Awards 2009


From a holding of 15-20 funds, the goal of the Ermitage Resources Fund is to construct a portfolio capable of consistent risk-adjusted returns, to a target return range of 12%-15% and volatility of 8-12%.

The fund looks to achieve medium to long-term growth by investing mainly in resource and other commodity related funds pursuing primarily relative value and/or arbitrage strategies. It also seeks short-term investment opportunities and direct investment in equities and equity related securities

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