Thursday, 27 August 2015
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…