Tuesday, 5 May 2015
Last updated 12 hours ago
Oct 19 2011 | 9:13am ET
Atlanta-based alternative asset manager Aspen Partners has launched a managed futures fund with a little help from Nomura International which provided an initial investment of $20 million in August 2011.
The Aspen Managed Futures Strategy Fund is based on the Managed Futures Beta Index, a systematic proxy for returns in the managed futures industry.
"Our approach allows investors the opportunity to invest in a mutual fund with daily liquidity and potentially provide competitive managed futures returns," said Ben Warwick, co-CIO of Aspen in a statement. "Our intent is to make it as easy as possible for investors to gain access to alternative investment strategies. We believe that our unique, proprietary approach is the next step in the evolution of such products."
Aspen has tapped Standard & Poor's Financial Services as the calculation agent and ALPS Fund Services as the administrator for the new fund, which will be available in two share classes.
Aspen Partners has specialized in managed futures since 1996. The firm has an extensive research team with over a century of combined experience of investing in managed futures.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…