Sat, Aug 30, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest