Toronto-based Integrated Managed Futures Corp’s Diversified program in October was down 6.6% bringing its year-to-date returns to –17.0%. The systematic program, which predominantly trades physical commodities, is currently managing some $11 million in assets.
The firm specifically attributed its losses in October to the grains markets with the exception of the wheat sector. “Marginal losses in meats and softs rounded out the drag from the agricultural sector,” stated the firm.
IMFC generally invests over 60% of its portfolio in physical commodity futures such as metals, energy futures and agricultural and soft commodities. In addition, it invests in global currency and treasury debt futures but has no exposure to equities and/or equity indices.
The Diversified program charges fees of 2/20 with a $500,000 minimum investment requirement.
Roland Austrup, former investment advisor with BMO Nesbitt Burns, is the president and CEO of IMFC. The firm is a subsidiary of Integrated Asset Management Corp, an alternative asset management firm with some $3 billion in assets under management.