Tuesday, 23 September 2014
Last updated 2 hours ago
Mar 6 2007 | 2:42pm ET
Rydex Investments is taking retail investors a step further into the alternatives investment space with a mutual fund featuring exposure to managed futures.
The Rydex Managed Futures Fund, which was launched this week, will provide its investors access to the U.S. commodity and global financial futures markets through the use of structured notes by tracking the performance of the Standard & Poor’s Diversified Trends Indicator.
The S&P DTI is comprised of 14 sectors with 50% allocated to financial futures and 50% to commodity futures. It has the ability to go long or short based on price momentum with the exception of the energy sector, which can only go long or neutral. The model rebalances on a monthly basis.
“The S&P DTI methodology is rules-based and relies on trends to capture profits,” said Edward Egilinsky, managing director of alternative investments at Rydex. “The S&P DTI also offers benefits from a diversification standpoint. It has historically shown a very low or slightly negative correlation to traditional investments such as fixed-income and equities and at the same time exhibits an attractive risk/return ratio.”
Rydex currently manages some $14 billion in mutual funds and exchange-traded funds.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.