Wednesday, 17 December 2014
Last updated 4 hours ago
Jul 16 2009 | 4:49am ET
With traditional equities markets in the doldrums, investing in commodities is a hot area of interest. Managed accounts are also a popular choice for skittish investors seeking liquidity and transparency. One money management firm has combined these themes and launched a new fund that will invest in commodity trading advisers in a managed account format.
AA Management recently unveiled the ALT Fund, which was launched with $60 million, including seed capital from a Geneva-based financial advisory firm.
According to partner Jean Jacques Chenier, the fund’s portfolio will consist of between seven to 15 medium-sized managers, and aims to offer greater transparency and liquidity than hedge funds. The strategies included in the portfolio are long/short and global macro.
Chenier said the firm, which plans to raise some $500 million for its latest offering, has further plans to launch a single-manager futures fund later this summer.
AA Management currently manages AlphaPlus FoHF, a fund of hedge funds concentrated on CTAs, which is up 6.82% as of the end of May. The fund is currently managing $25 million in assets.
In addition to Chenier, AA Management, which is registered in the British Virgin Islands, is run by Nicolas Brau.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.