Wed, Jan 18, 2017
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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee