Thursday, 25 December 2014
Last updated 18 hours ago
May 16 2011 | 12:39pm ET
German hedge fund manager Aquila Capital has launched what it calls one of the first managed futures funds offering daily liquidity.
The AC Spectrum Fund, which debuted earlier this month with €75 million, will invest only 10% of its assets in swaps—a provision that allows it to give investors an out everyday.
The fund was designed by risk management expert and new Aquila hire Harry Kat, who told the Financial Times that he "spent the past three-and-a-half years concentrating on it."
Kat, a former professor at London's Cass Business School, added, "I have given up teaching. This is much more fun."
In addition to its swaps bets on commodities, the Spectrum Fund employs carry and correlation strategies. The fund invests exclusively in the "most liquid futures contracts," manager Jan Auspurg said.
"We didn't see any reason why we shouldn't offer daily liquidity."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.