Shipping fund tames stormy waters to provide rewards for investors

London-based M2M Management has tamed the notoriously volatile shipping market.

The company's Global Maritime Investments (GMI) Fund, a relative value arbitrage fund investing in the dry freight shipping sector, has returned 27.9% since inception in October 2006 with annualised volatility of just 5.3%. GMI is up over 19% year to date having returned over 30% in 2007.

Since the fund was launched in 2006, the Baltic Dry Index (BDI), which tracks dry bulk shipping rates, has been a rollercoaster, ris

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