Sat, Jul 2, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Longboard Asset Management grows managed futures fund, sees opportunities in currencies

Wednesday, April 10, 2013

Bailey McCann, Opalesque New York:

Liquid alternatives are one of the fastest growing sectors of the alternative investment space. They offer fee conscious, risk averse investors a means of access to hedging strategies and hedge fund managers without all the fuss of actually investing in hedge funds. Many of these products offer a strategy-lite version of common hedge fund strategies like long/short equity, within a mutual fund structure. As Opalesque has reported, putting managed futures strategies in to a mutual fund structure is also gaining traction with both managers and investors.

In July of last year, Arizona-based, Longboard Asset Management launched its own managed futures mutual fund - the Longboard Managed Futures Strategy Fund (WAVIX). Although the fund launched then, the firm didn’t start actively trading with it until November. According to Eric Crittenden, Longboard’s director of research, they needed to work through some kinks first.

"Futures contracts, forward contracts, and OTC derivatives were not part of the original definition of 'investment securities’ and require extra efforts to satisfy regulators when they are used extensively in a ’40 Act structure," he explains in an interview with Opalesque.

"We have to meet compliance requirements for both the CFTC and the SEC, so it is double the compliance workload. On t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.