Thursday, 21 August 2014
Last updated 5 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note