Mon, Jan 16, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker Global and Lockbox to launch joint managed futures product

Friday, March 30, 2012
Opalesque Industry Update - Parker Global Strategies, LLC (PGS) and Lockbox Asset Management (Lockbox) have joined forces to create a new managed futures index and related products and funds for institutional and high net worth investors.

The venture draws on the unique skills of each team. PGS, the creator of the Parker FX Index, brings its deep knowledge of CTA and FX managers, its experience in constructing both actively managed portfolios and investable indices comprised of such managers, and its proprietary style mapping system, CTA Style Trax™. The principals of Lockbox, a New York and Greenwich, CT based investment management firm founded by Aaron Ford and Jonathan Ende, have built award-winning derivatives and alternative investment businesses at major investment banks and bring their 40+ years of structuring, institutional money management, proprietary trading, and alternative investment expertise.

The jointly developed product offerings seek to deliver outsized returns with lower risk by using a customized structured solution coupled with a PGS-Lockbox proprietary systematic, volatility controlled, diversified portfolio of “Best of Breed” CTA, FX, and Macro investment managers. The resulting products are targeted to have low to zero correlation to other asset classes and positive performance during market crises. In contrast to most alternative investments, the products will also have very short-term liquidity and a highly preferable custody arrangement.

According to Jonathan Ende, Co-founder of Lockbox, “We are very enthusiastic about our joint venture with Parker Global Strategies. Lockbox Asset Management spent significant time investigating potential partners for this exciting new product, and PGS’s expertise in the FX and CTA space along with their extensive due diligence and research process carried out on each manager is the perfect, synergistic fit.”

Virginia Parker, Managing Member and Chief Investment Officer of Parker Global Strategies said of the products’ underlying new index, “This Index should prove to be one of the most comprehensive rules-based, factor-driven allocation processes available to investors today. The methodology considers trading styles, auto-correlation, mean reversion, risk, quality of a manager’s operations, and more. We are excited to work with Lockbox on this product and eager to share this development with our clients.”

Aaron Ford, Co-founder of Lockbox, added, “Notably missing from most investors’ portfolios is managed futures exposure, which has historically performed as an effective hedge during market turmoil. In our joint effort with PGS, we have developed an innovative, systematic, and easy-to-understand approach to generating outsized absolute returns from the managed futures space in a capital efficient, highly liquid, and risk-reduced manner.”

Based on data from Hedge Fund Research, Inc. (HFR) on alternative investments for 2011, we estimate the managed futures industry had over $300 Billion of assets under management at last year end. Since the financial crisis of 2008, managed futures and macro investments have significantly outperformed other strategies and have become one of the fastest growing subclass within the alternative investment spectrum... Corporate website: Source
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t