There’s this hedge fund called “SuperFund”, at first glance this seems to be a managed futures fund. This is basically a fund that invests in futures, ie. corn, oil, frozen concentrated orange juice, etc. and rolls them into the next period on a regular basis. This allows the investors access to the commodities market without the hassle of trying to buy and sell futures themselves. So as a “hedge fund” it’s not exactly typical. There are many managed futures funds out there. No need to go to eastern europe or even to another country. We have tons of them and many do take a minimal investment.
This is a solid way to diversify a portfolio (not this specific one, but this type in general). As with any investment, you need to know what you are doing, but investing in commodities is great for diversification.