D.C. Firm Launches Trio of Fund-of-Funds

Jul 28 2006 | 4:43pm ET

Potomac Portfolios has launched three onshore funds-of-funds that invest with commodity trading advisors and foreign exchange managers. According to Thomas Lott, president of Potomac, investors in the new offerings can select from the three multi-strategy investment programs depending on their appetite for leverage, volatility and returns.

Lott said the offerings are targeted at institutional investors, ranging from those seeking bond-like returns at bond-like volatility, to more aggressive investors seeking higher returns by elevating trading exposure among advisors.

The new offerings are the first funds-of-funds being offered by the firm, which has been running managed accounts for the past seven years. In addition to the new onshore funds, the firm is planning to rollout a similar offshore series of funds by year-end. 

The minimum investment in the new funds is $1 million, and fees are 1% for management and 10% for performance. There are no redemption or subscription fees, nor is there a lockup period.

Columbus Avenue Consulting is administering the funds, legal counsel will be provided by Kirkpatrick & Lockhart Nicholson Graham, and the auditor is Deloitte & Touche.

Washington, D.C.-based Potomac Portfolios is a registered Commodity Trading Advisor and Commodity Pool Operator.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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