Tribeca Global Natural Resources Limited (ASX Code: TGF)

Tribeca Investment Partners has launched an IPO for Tribeca Global Natural Resources Limited (ASX Code: TGF), a new Listed Investment Company (LIC) offering access to the $9 trillion global natural resources sector.

TGF will provide investors access to a concentrated and actively managed portfolio of of long and short positions in natural resources securities, credit positions and commodity positions.

"The high degree of volatility in the natural resources sector means some assets will be mispriced, which creates investment opportunities for investors who have the research capability and deep industry knowledge," portfolio manager at Tribeca, Ben Cleary, said.

The LIC commenced trading on 12 October 2018 after raising $157.5 million. It is targeting a compound annual return above 15% (after all fees and expenses), whilst preserving capital over the long term (five years-plus).