Thu, Apr 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South African manager MitonOptimal set to launch USD commodity CTA next month

Monday, January 20, 2014

amb
Andy Pfaff
Benedicte Gravrand, Opalesque Geneva for New Managers:

Andy Pfaff, commodities fund manager at MitonOptimal, is very busy these days. He runs a small South African commodities hedge fund while setting up three new funds: a South Africa commodity index tracker fund, a South Africa active long-only fund, and a US$ commodities hedge fund.

The index tracker and the active long-only funds have commitments from institutional investors and will go live sometime this quarter.

As for the USD commodities hedge fund, it may be open to new investments as soon as next month. It will be seeded by an in-house investment of $2.5m and has a third party commitment for another $2.5m after a few running months.

It will be called the MitonOptimal Core Commodities Hedge Fund and be domiciled in Malta, with the firm’s Guernsey offices acting as investment advisor. The Malta branch of IDS Funds Services will administer the fund.

The fund is designed to provide directional exposure to commodities through bull and bear markets and conditional correlation to beta benchmarks. It will not deal with complex assets: all the instruments are listed and traded on recognized international exchanges (and will be 90% exchange traded futures and 10% ETF / ETNs).

Pfaff’s trading methodology, developed over decades from a d......................

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its