IAM Launches $100 Million CTA Portfolio

Feb 3 2009 | 9:35am ET

Fund of hedge funds shop International Asset Management has launched the IAM Trading Fund with more than US$100 million in assets. 

The fund will invest in diversified portfolio of commodity trading advisers, initially allocating money to between 10 and 15 CTAs.

In last year’s turbulent market, CTAs outperformed their hedge fund counterparts.

“During the current turmoil, volatility has not risen in CTAs as it has for most other strategies,” said Morten Spenner, CEO of IAM.

“Importantly, we also regard the strategy as having ample capacity: as of Q3, 2008 the Global AUM of CTAs was US$226 billion. The other benefits of CTAs are that they utilize futures, which are highly regulated and liquid, with low trading transaction costs and minimal counter-party risk.”

IAM was founded in 1989 and managed some US $3.3 billion as of the end September.


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