The first - $110 million Kimura Capital - will fund the transportation of commodities, while the second - Westbeck Capital Management, formerly Westbrook Asset Management, - hopes to generate returns through bets on small and mid-sized oil companies.
Jean-Louis Le Mee, partner at Westbeck Capital Management, is no stranger to the vagaries of commodities markets.
Five years ago when commodities were booming, Le Mee quit BlueGold Capital Management, one of the world's largest commodity hedge funds, to strike out on his own.
But by the time his new mining and energy equities-focused Abydos Capital was ready to launch in July 2012, BlueGold had shut with final-year losses of more than 30 percent, and mining stocks had slipped by 38 percent.
Abydos grew to $200 million but shut down after losing money on the back of a slump in the oil price from more than $110 a barrel in July 2014 to below $85 by that October.
This time Le Mee, who reckons oil hit a turning point at under $30 a barrel in January, believes he has timed the cycle correctly.
"We decided this was a once-in-a-career entry point," Le Mee said. "A lot of investors are starting to realize that the current oil price is not sustainable and we have to move higher," he added, despite "a bit of uncertainty" on how high prices would go and how quickly a recovery would happen.
Brave
Some ultra-brave investors are even thinking about taking the plunge directly into commodities.
The phone at European energy futures and options hedge fund Northlander Commodity Advisors has gone from ringing once or twice a month in 2015 to three or four times a week, Chief Investment Officer Ulf Ek told Reuters.