Orcades Commodities has unveiled a new energy fund, HFMWeek reports. The Orcades Commodities (Energy Arbitrage) is a systematic strategy between refined products and crude oil, consisting of 80% long-term investments while the remaining will be medium term. The fund was launched as a separately managed account structure with $25 million. The vehicle has a capacity of $1 billion. Royal Bank of Scotland is the broker of the fund.

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