26.09.2012 - Winton backs China's first managed futures fund
Winton Capital Management, the largest managed futures firm in Europe, has teamed up with Shanghai-based Fortune SG Fund Management for what is believed to be the first Chinese managed futures fund. Fortune, which manages more than RMB36 billion ($5.7 billion) in over 20 mutual funds in China, is a joint venture between Lyxor Asset Management and Baosteel Group, a Chinese conglomerate. A statement from Lyxor said that Winton is acting as a research consultant to Fortune SG, which has launched a new managed futures fund. It added: "This mandate mainly targets sophisticated investors including institutions and high-net-worth individuals." The size of the fund was not disclosed...............................................Full Article: Source
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