Hansen Capital’s Futures Program Triples AUM

Jun 15 2007 | 10:36am ET

Peter Hansen’s recently launched Comprehensive program is attracting quite a following among its existing investors. The Victor Niederhoffer protégé in January launched the diversified futures strategy with $11.5 million and has nearly tripled its assets under management, which stood at $33 million as of the end of May.

“Most of our existing individual customers from our Managed Account program moved their assets to the Comprehensive program,” said Hansen. “Existing customers have been happy with our performance so far and have increased their accounts.”

Both programs are short-term systems trading the same markets, the only difference being the inclusion of a currency system that Hansen recently developed, which is trading only in the Comprehensive program. Through May, the Comprehensive program is up 7.51%. The Managed Account program, which has a track record dating back to April 1994, was down 3.59% last year.

“This year has been a better environment for us than 2006,” said Hansen. “It’s been choppy, which for a lot of CTAs is bad but for us is good. There were strong directional moves in metals and in grains last year and those tend to hurt us since we have a lot of reversals and mean reversion in our techniques.”

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