SELECT Launches Retail Futures Fund

Mar 27 2007 | 12:25pm ET

Sydney, Australia-based SELECT Asset Management has teamed up with U.K.-based Aspect Capital to launch a retail managed futures fund, the Select Futures Fund.

The Futures Fund seeks to exploit price trends in over 80 global futures markets, including bonds, currencies, interest rates, stock indices, agricultural and energy and metal markets, according to Brendan Foley, SELECT’s managing director.

“While investors have had limited access to managed futures as an alternative investment in the Australian marketplace, this has generally been via higher fee capital guaranteed products or listed investment companies, which can trade at a discount to their net asset values,” said Foley. “Whereas the Futures Fund is a registered managed fund offering pure exposure to this investment area and providing investors with weekly liquidity at full net asset value.” 
 
The Futures Fund is available to investors via retail master trust and wrap platforms and is also available directly with a minimum investment of $25,000.

In addition to Aspect Capital, SELECT’s other investment partners include: Gottex Fund Management; Baker Steel Capital Managers; and Barwon Investment Partners Pty.

SELECT was formed in June 2002 by co-founders Foley, Dominick McCormick, Clayton Freind, Roger Campbell and David Yale.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR