Sat, Oct 10, 2015
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

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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with