Saturday, 23 August 2014
Last updated 21 hours ago
Mar 14 2012 | 2:36pm ET
The Man Group has launched a quantitative commodities hedge fund with a capacity of $5 billion.
The new fund, part of Man's year-old Systematic Strategies unit, is managed by Scott Kerson. Kerson is a former trader at commodities hedge fund giant Ospraie Management and the infamous Amaranth Advisors.
Kerson employs "hedge fund techniques, but in a long-only product," MSS chief Sandy Rattray told Financial News. The fund aims to control drawdowns "and reduce them by about 20% compared to other passive commodity products," using algorithms Man has been building for 18 months.
Some of that technology comes from Man's flagship AHL strategy and is designed to quickly respond to volatility in the commodities markets.
Man has seeded the new fund with $50 million.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note