The Ebullio Commodity Fund was launched in January 2008 with partner capital and opened to outside investors in October. The fund has produced exceptional returns since launch. It was up 68.96% in 2008 and at the end of March 2009 had a positive 5.72% return.

The fund targets annual returns of 2%-30% with a standard deviation of 5%-10%. It invests in all commodities markets through futures and options and some physical trading.

Ebullio describes the fund as a "pure commodity fund seeking alpha in