361 Capital Launches Second Managed Futures Fund

Apr 3 2014 | 9:45am ET

Denver-based 361 Capital has launched a new hedge fund-like mutual fund.

The 361 Global Managed Futures Strategy Fund began operations on February 12, 2014, and was up 5.6% as of the end of March. It invests in long and short positions in futures contracts on indices primarily comprised of non-U.S. issuers. The fund seeks to generate performance by employing a suite of systematic trading models that take positions (long, short, or cash) primarily in equity index futures contracts across the globe.

The new fund follows in the footsteps of the firm’s flagship million 361 Managed Futures Strategy Fund, which managed $611 million as of the end of March. 

“The 361 Managed Futures Strategy Fund provides our investors with a counter-trend approach to equity managed futures investing with a focus on the U.S. markets,” said Tom Florence, CEO of 361 Capital, in a statement. “The new global fund takes advantage of the same counter-trend approach while adding exposure to the other major markets around the world.”

Founded in 2001, 361 Capital specializes in managed futures, long/short equity, multi-strategy, and global macro strategies, accessible through mutual funds, limited partnerships, and separate accounts.

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