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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR