Fieldcrest Building Track Record For New Fund-of-Funds Vehicle

Aug 4 2006 | 12:00am ET

Fieldcrest Capital Management has quietly launched a managed futures fund-of-funds that invests with between four to seven underlying managers.

David Slattery, managing partner at Fieldcrest, said that the underlying funds in the new offering are all run by either sector specific or market specific managers because “they tend to outperform diversified managers when you break it down by sector,” he said. “For example, we think the grains focused manager will outperform the grains portion of a diversified manager’s portfolio in the long-term.”

The fund, Fieldcrest Capital Partners, L.P., was established in May at the request some of the firm’s clients who wanted exposure to futures in their portfolios but did not want to pick a single-strategy. The fund’s current investors include a few high-net-worth individuals and one hedge fund, and Slattery said that the firm is waiting to build up a track record of at least two quarters for the fund before touting it to other investors.

“We don’t want to bring it to market until we have tested everything and all of our partners are satisfied,” Slattery said. 


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note