Minority Manager Readies Managed Futures Fund

Nov 11 2005 | 8:00pm ET

Washington, D.C.-based Dynasty Finical Group is preparing to launch its first managed futures fund. The new fund, which is still unnamed, will have a minimum investment of $100,000 and no lockup period, "because of the formation," says Ray Yzer, the firm's founder and ceo.

Yzer, who began his finance career ten years ago and has worked as a senior analysts and a sales manager for various firms including Morgan Stanly Dean Witter and Chesapeake Investment Services, founded Dynasty after noticing a lack of alternative asset managers in his native Washington D.C. and virtually no African American asset managers at all.

"I know that there is a growing need here in this area," says Yzer. "Until now, the closest alternative asset managers have been in New York."

Dynasty's commodity trading advisors specialize in investing in managed futures, taking a predominantly market neutral/delta neutral approach, which Yzer describes as "an all-weather strategy."

The firm began taking in money at the beginning of October, and thus far has $5.5 million in assets under management, mostly from local investors. It employs 16 people, including a financial management team of six and a sales force of 10. Its target clients are high-net-worth individuals, institutional investors and corporations.  

The biggest hurtle Yzer believes his firm will have to overcome is making investors feel comfortable with the idea of investing in alternatives. "One thing that causes investors to hesitate is when they hear the words 'alternative investment' they think 'risk,'" he says. "Our goal is to de-leverage all of the positions we are taking on in order to lessen risk and help the investors overcome their fears."

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