Friday, 25 July 2014
Last updated 15 min ago
Mar 30 2010 | 7:07pm ET
LGT Capital Partners will launch Britain’s first UCITS III-compliant managed futures fund next month.
The new vehicle will be a regulation-friendly version of LGT’s US$630 million Crown Managed Futures Fund and will track a UCITS-complaint index. LGT is targeting a 10% annual return for the Crown Management Futures Newcits Fund, which will be managed by George Coplit and his commodity trading adviser and macro team, CityWire reports.
To date, the non-UCITS fund has posted 7.4% annualized returns since inception almost a decade ago.
Pfäffikon, Switzerland-based LGT will seed the new fund with at least US$20 million. It will charge a 1.5% management fee and 7.5% performance fee with a high water mark.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…