Bermuda-based hedge fund manager Green Cay Asset Management expects to buy equity options on hard assets, including assets from the energy, real estate and materials sectors. Jane Siebels, ceo and cio in Nassau, Bermuda, said the the soon to be launched Siebels Hard Asset Fund will use equity options to invest, when it cannot buy shares.
The fund has also been approved to use commodities futures, but its primary focus is equities, said Siebels. The USD10 million Siebels fund will be launched on Jan. 1. UBS Warburg is the prime broker, but Siebels said it will shop around to ensure the best execution.
