Wednesday, 27 May 2015
Last updated 10 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…