Geneva, Switzerland-based Alpinvesta Asset Management has launched a fund of hedge funds investing exclusively in managed futures. The firm is now on the lookout for potential managers.

The firm’s Alpinvesta Managed Futures Profit Lock-In Note is linked to its Managed Futures Index, a diversified basket of futures funds, including Blue Trend, FX Concepts Global Currency Program, NUWAVE Combined Futures and Winton Futures. According to the firm, the protected price is set at 90% of the initial price of the notes, which will be set at €100 and US$100. At the end of each quarter, 90% of the note’s performance will be added to the protected price and once added, the protected price cannot fall and is guaranteed by Deutsche Bank at maturity.

In the event that the performance of the notes declines at the end of any quarter, the protected price will remain the same as the previous protected price so investors are never exposed to negative performance during the life of the note.

The firm said it is looking for exposure to CTA managers with a minimum one-year track record and more than US$25 million in onshore or offshore assets.

The minimum investment requirement is €50,000 or US$75,000.