Thursday, 18 December 2014
Last updated 21 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.