Opalesque Industry Updates - LGT Capital Partners, a leading alternative assets and fund of funds manager, is launching its Crown Managed Futures UCITS Fund to offer a broader range of investors access to its flagship managed futures strategy.|
LGT CP has been investing in managed futures since 1996. Crown Managed Futures, its flagship managed futures fund, has assets under management of USD 670 million . It has delivered an annualised gross return of 10.5% since launch in October 2000, compared to -2.1% for the MSCI World Index , showing almost zero correlation to equities.
Regulatory approval has been obtained and CMFU is scheduled to launch on 4 May 2010. Similar to the flagship fund, it will provide exposure to hedge fund managers trading commodities, equities, fixed income and foreign exchange. Exposure will be achieved via a UCITS eligible index of currently 15 managed accounts, which provide full position transparency and high liquidity, a core requirement for many hedge fund investors.
Werner von Baum, Partner, LGT CP, said:
“Managed futures offer true diversification and we believe they are a valuable component of investors’ portfolios in all market environments. Allocating to this space can reduce volatility and market risk of a portfolio, helping to generate superior risk adjusted returns.“
“Crown Managed Futures is one of our flagship products and we are launching a UCITS fund in this sector following strong demand from private clients, intermediaries and institutional clients who can benefit from the enhanced liquidity, transparency and regulatory oversight that such a product provides. For an UCITS product, it is of key importance that the underlying assets are well matched to the liquidity being offered to investors; managed futures is one of the most liquid hedge fund strategies available and is, therefore, an ideal fit.” Corporate website: Source