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From Kirsten Bischoff, Opalesque New York:
Managed futures are coming off a big performance month in August, with CTAs soaring 3% (Eurekahedge), leaving the rest of the hedge fund industry in the dust. The message these firms have been trying to get out to investors is that they can perform in both bull and bear markets, and after delivering performance through multiple cycles, they may finally be gaining the attention of large investors.
For the first time in our ten year history as a firm over half of our asset base emanates from the United States, Troy Buckner, Managing Principal at New Jersey-based NuWave Investment Management told Opalesque. We now have more than 50% of our assets from a US-based institutional clientele, whereas historically our primary assets flowed from Europe and Asia.
US institutional investors are beginning to pay attention to managed futures because of the one-two punch of highly correlated portfolios and concern over fraudulent behavior, both of which managed futures firms point out are addressed by the highly liquid, highly transparent strategy. The prolonged market volatility through 2010 has also spurred US investors to come to terms with the fact that equity markets are not likely to see a growth pattern again for some time.
At times like these, when equity related styles are struggling, it is especially helpful to have sizeable allocations to managed fu...................... To view our full article Click here
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