Sunday, March 18, 2007

Zurich-based Plenum Group’s Fund of Funds in the British Virgin Islands

In March 2007, Switzerland-based financial services firm Plenum Group launched the Plenum Specialized Commodity Fund. The new British Virgin Islands-domiciled fund of funds is investing in commodity funds that find opportunities in unconventional and traditional commodity and energy markets. Initially the fund was expected to launch with some $6 million in equity.

The BVI-based fund of funds charges a 1.5% management fee and 20% performance fee, with a $100,000 minimum investment requirement.

The Specialized fund is already the second fund of funds managed by Plenum Group. The first one was a Pan-Asian fund of funds, dubbed the Plenum Asia Dragon Fund.

The main subsidiaries of Zurich-based Plenum Group are:

  • Plenum Investments AG – an international investment advisor whose main business is structuring and management of investment products in the fields of hedge funds and equities with or without capital guarantees;
  • Plenum Asset Management, formed in 1993 and now providing the following services to the private clients: brokerage and safe custody, investment products, asset management, investment advisory and wealth structuring;
  • Plenum Prudential AG, specializing in life insurance solutions;
  • Plenum Securities AG, a 100% affiliated subsidiary of Plenum Holdings AG in Zug, and an associated member of the SWX Swiss Exchange.

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