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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...