Chicago-based fund manager Modern Asset Group is gearing up to launch a multi-adviser fund early next year.
The new vehicle, the MA2 Multi Adviser Fund, will specialize in allocating to established, low volatility CTAs.
“Our analytics, models and selection criteria make for an incredibly risk conscious and consistent investment approach,” said Daniel Gunsberg, managing partner of the firm.
Over 500 CTA’s were initially screened for the funds core portfolio and only three sub-advisers and four strategies made the cut. MAG is actively seeking additional managers to add to their portfolio as the fund’s assets increase and as the funds allocation models warrant new additions.
According to the firm, investors will receive dynamically weighted, low-volatility exposure to multiple futures markets including agricultural and soft commodities, equity indices, treasuries, currencies, and metals. The fund will focus on absolute returns while maintaining a strong negative correlation to traditional stock and bond indices.
The firm is aiming to raise $75 million in assets for the new fund over the next 12-18 months.
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