London Commodity Broker Launches Futures Fund

Feb 2 2009 | 2:00am ET

London-based Sucden Financial has launched a futures fund to cash in on some of the high-flying returns generated by futures funds last year.
 
The commodity and financial futures and options broker’s Comfin Managed Futures Fund trades a diversified basket of 27 highly liquid commodity and financial derivative instruments, including commodities, equity indices, bonds and currencies, according to a fund factsheet obtained by FINalternatives.  The fund’s managers use a proprietary technical model, which generates long and short trading signals, and use technical analysis to determine the fund’s market entry, exit and position sizing.

The fund made is debut in October with US$7 million in assets.

Overall, managed futures funds trounced their hedge fund peers last year, gaining 13.9% in 2008, according to the Barclay CTA Index, the best annual performance for CTAs since their 21% return in 1990. Industry veterans such as Mulvaney Capital Management and John W. Henry & Co. saw their funds gain between 40% and 100%, while the average hedge fund lost between 15% and 22%, depending on the indices. 

Sucden is headed by Michael Overlander, chief executive and managing director. The firm was founded in 1973 as the London brokerage arm of Sucres et Denrées.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of