The Fimat Group, a global brokerage organizations and part of Socit Gnrale Group, has announced its appointment as prime broker and clearer to the new euro denominated fund launched by Jim Rogers and Diapason Commodities Management, Lausanne.
The Fund – the Diapason Rogers Commodity Index Fund – is designed to replicate as closely as possible (before the deduction of operating and other expenses), the performance of the Rogers International Commodity Index (‘RICI’) developed by Jim Rogers in 1998. The Fund’s investment manager is Diapason Commodities Management, a partnership formed in 2003 between Jim Rogers and the hedge fund group Equinoxe Partners in Lausanne Switzerland whose principal is Lionel Motiere.
The Diapason Rogers Commodity Index Fund is Cayman Islands registered and is going through the listing process on the Irish Stock Exchange. There are two versions, both denominated in euros – one of which is hedged against currency fluctuations.
The Rogers International Commodity Index was designed to meet the need for consistent investing in a broad-based international vehicle. Thirty-five commodities are represented which makes it the largest commodity index.
“The place to be is in natural resources. There will be a multi-year bull market in commodities,” says Jim Rogers whose RICI index is up 135% since 1998.
“We are honored to be associated with Jim Rogers and Diapason’s project and pleased to see an extended focus is fast developing in the market place for commodities investing and its diversification benefits as an alternative asset class,” commented Philippe Teilhard de Chardin, head of prime brokerage at Fimat International Banque S.A. (UK Branch).