Wednesday, 22 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...