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Molinero Capital Management launches systematic CTA hedge fund

Monday, October 26, 2009
Opalesque Industry Updates - London-based hedge fund manager Molinero Capital Management LLP launched on 14 October its first independent hedge fund, Molinero Global Markets Fund, a systematic CTA hedge fund.

Laven Partners Ltd, the London based investment management consultancy and Laven Legal Services Ltd, an associated law firm, advised Molinero Capital Management LLP on the structuring and launch of the fund.

The fund aims to produce consistent above average returns through long-term and short-term investments in the global futures markets using a unique proprietary trading program, while also seeking to mitigate risk through diversification of investments and hedging activities.

The fund will invest in futures and forwards contracts in currencies, interest rates, equities, bonds and commodities.

The fund is managed by Rafael Molinero who has more than 10 years’ experience in the hedge fund and financial services industry. Previously, he managed funds for Rotella Capital Management, a US-based CTA.

Laven Partners Ltd advised on the incorporation of the fund in the Cayman Islands and its registration with the local authorities while Laven Legal Services Ltd provided legal assistance for the fund and on its offering memorandum.

Rafael Molinero, portfolio manager, Molinero Capital Management LLP, said: “In the current environment, investors are looking for products that deliver returns with minimal risk. The fund’s models use a variety of risk management techniques including active stop losses. Alongside this, we will maintain a diversified portfolio which will help us benefit from a wide variety of investment opportunities.”

Jérôme de Lavenère Lussan, Principal Founder and CEO, Laven Partners Ltd said: “Laven has recently seen a pick-up in the number of new hedge funds. These new managers are more aware of the need for high quality structures in line with regulators' best practices. It is important to have the right risk strategy and the team at Molinero Capital Management are not only highly experienced but have a strong operational culture. We are glad we were chosen to assist them with this launch.”

Laven Partners ( is an investment management group offering consultancy services, including fund structuring, tax, legal and compliance services to fund managers, as well as independent operational due diligence and advisory services to investors.


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