LGT Plans UCITS-Compliant Fund Of Futures Funds

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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