Monday, 24 October 2016
Last updated 2 days ago
Mar 30 2009 | 1:00am ET
A Scottsdale, Ariz.-based investment firm has developed a futures fund designed to address the issues of transparency and liquidity currently plaguing the hedge fund industry.
Autumn Gold Portfolio Management recently launched the Autumn Gold Multi-Advisor Fund, which provides investors with a daily valuation of the fund. Investors are also able to see the fund's aggregate daily positions, including the number of long and short contracts, and they can subscribe and redeem on a weekly basis.
Autumn Gold is headed by Kim Avery, who formerly served as a European representative to Renaissance Technologies, the manager of the Medallion Partnership, a hedge fund with more than $5 billion in assets.
Avery is the author of the book, “Building Wealth with Managed Futures,” in which she explains her statistical methods for evaluating commodity trading advisers.