FRM Launches Fund Of CTAs In Australia

Feb 28 2011 | 11:32am ET

Fund of hedge funds firm Financial Risk Management has launch a multi-manager managed futures vehicle with A$25 million in assets.

The FRM Sigma fund currently boasts a portfolio of seven managers. The new fund's first millions were sourced from financial planners in Australia and New Zealand.

"FRM Sigma provides exposure to CTAs trading futures contracts over share indices, bonds, interest rates, currencies and commodities using highly-automated systematic trading systems," FRM Australia's Richard Keary said.

"There is a high level of familiarity with [commodity trading advisors] amongst many financial planning groups," he added. "We continue to talk to financial planners and groups about Sigma and receive very positive responses. It is early days but we are talking about model portfolios with some of these planners."

Sigma is targeting annualized returns of 15%. The minimum investment is A$25,000.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.