47 Degrees North New Generation Fund will offer investors access to emerging managers

A new hedge fund run by former RMF-Man Investment analysts is being set up and named after its Swiss latitude, 47 Degrees North Capital Management in Pfaeffikon, Switzerland.

47 Degrees North New Generation Fund will offer investors access to emerging managers with a track record of between a few months and two or three years. This fund will target returns of 12% with 5% to 7% volatility. The 47 Degrees N Seeding Fund will invest in start-up hedge funds, this fund aims for annual returns of 15% over a five-year cycle with volatility of 6% to 8%. The 47 Degrees N Commodity Fund will use the expertise of the team in selecting commodity managers and invest in hedge funds using both directional and non-directional strategies across commodity markets.

Claude F. Porret is the CEO of 47 Degrees North Capital Management. Before founding 47°N in 2006, Claude was the head of RMF Hedge Fund Ventures within RMF Investment Management. She was a member of the management committee and the investment strategy committee. Prior to joining RMF in 2001, Claude spent eight years with Hunter Douglas Management as a director, responsible for treasury management and supervision of the in-house hedge fund portfolio. Prior to this she worked for Salomon Brothers International from 1986, in New York, London, Tokyo and Zurich, initially as a Japanese equity salesperson and subsequently marketing OTC derivatives to institutional clients. Claude started her career in 1981 with Caterpillar Overseas in Geneva, working as a field engineer. Claude received her degree as a Mechanical Engineer from the Ecole d’Ingénieur du Canton de Neuchâtel, Switzerland, and her MBA from INSEAD, France. 47 Degrees North Capital Management is a premier alternative investment firm offering sophisticated institutional investors a unique line-up of specialized fund of hedge funds products. One of its flagship products, the 47 Degrees North New Generation Fund, offers investors access to a diversified portfolio of early stage hedge fund managers.

Newt event with Claude Porret as a speaker in Geneva on 11 - 13 November 2008 :

http://www.icbi-events.com/gaimfof/

Website : http://www.47n.com/