Greycourt & Co, an investment advisory firm that caters to ultra-high-net-worth families in the $130m-135m assets range, along with select endowments, is expanding its alternatives platform.
Greycourt, which has $9bn in assets under advisement, is eyeing the energy space and long/short equity for natural resources through hedge funds and funds of hedge funds (FoHFs).
Erik Haskel, managing director, said the firm is interested in active long/short funds in the commodity space and is currently investing in Real Estate Investment Trusts (Reits) through a short-biased hedge fund manager. "We're being opportunistic in real estate, distressed debt and short-biased Reits. In commodities, we're betting on volatility, using a couple of managers to focus on that area," said Haskel.