Haar Unveils Third Institutional Futures Fund

Apr 17 2008 | 2:00am ET

Boca Raton, Fla.-based Haar Capital Management last month launched its third discretionary futures product for an insitutional investor, offering exposure to agricultural commodities, energies and metals.  

Unfortunately, the firm’s newly launched Tangible Commodity program caught abrupt price reversals in commodity markets during the month when crude oil dropped 4.5% and gold fell 5.9% in one day. It finished its first month down 1.79% with $9.8 million in assets under management.

In general, agricultural traders lost 3.51% in March and discretionary traders were down 0.91%, according to the Barclay CTA Index.

Founder Stanley Haar said the program trades the same markets as its flagship predecessor, the $48.6 million Discretionary Commodity Trading program, without the financials sectors.

“There was an institutional investor who was in the Ag-only program but wanted exposure to energies and metals as an option for some of their other clients so that’s the reason why we launched that,” he said.  

Haar also manages the $13.7 million Discretionary Ag Trading program, which launched in December and is down 0.2% year-to-date.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…