AA Management Launches Fund Of Managed Accounts

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.

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