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Alternative Market Briefing

361 Capital launches managed futures liquid alternative fund

Friday, April 04, 2014

Bailey McCann, Opalesque New York:

361 Capital has launched a new Fund, the 361 Global Managed Futures Strategy Fund (AGFZX & AGFQX). The fund was started on Feburary 12, 2014, and has posted a 5.6% return since inception. This is the second managed futures fund for 361, the flagship Managed Futures Strategy Fund holds the top slot for managed futures funds on Morningstar.

The 361 Managed Futures Strategy Fund grew by nearly 300% in 2013 with net inflows of $364 million, bringing total assets to $490.5 million. The 361 Managed Futures Strategy Fund has had a strong start in 2014, with total assets under management increasing by $121 million to $611 million through March 31, according to Morningstar.

The new 361 Global Managed Futures Strategy Fund normally invests in long and short positions in futures contracts on indices primarily comprised of non-U.S. issuers.

"The 361 Managed Futures Strategy Fund provides our investors with a counter-trend approach to equity managed futures investing with a focus on the U.S. markets," said Tom Florence, CEO of 361 Capital in an interview with Opalesque. "We think there is an appetite in the market for products like this. Investors are becoming more educated on the differences in alternatives strategies as more products become available."

Managed futures fund as a group have had a hard time accounting for their performance during the recent equities run up, but Florence highlights a nuance that is of......................

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