Tuesday, 29 July 2014
Last updated 13 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…