Utah-based Vision Capital Management has lofty goals for its 17-month old Global Futures fund. The firm recently hired third-party marketing firm R Capital Advisors to shop its $1 million fund to institutional investors, and raise some $100 million by July 2008.
Principal Dario Michalek said RCA initiated the talks with Vision to represent the firm and thinks institutional investors are finally getting their arms around managed-futures products. “Pension fund managers have become more comfortable with managed futures as a whole and view it as a good diversifier in their portfolios,” he said.
Specifically, Michalek is hoping that investors will embrace his Global Futures fund, which is on a roll. The diversified, systematic long/short futures strategy ended June up 3.94% and is up 27.21% year-to-date. Last year, it returned 25.15%, net of fees, to investors.
“We invest in a highly diversified global portfolio of futures markets through our systematic trading model exploiting long term trends,” he said. “We trade many foreign markets,” which make up about 70% of the portfolio, “including markets in Canada, Malaysia, Australia, New Zealand, China, Japan, Germany, Mexico, United Kingdom and South Africa.”
To further ramp up its operations, the firm has also hired Benjamin Rollings as executive vice president and chief operating officer, responsible for investor relations and operations as well as for the strategic development of the firm's marketing activities.