London-based CTA to launch Luxembourg domiciled UCITS fund

J8 Capital Management and Pairstech Capital Management will launch a Luxembourg domiciled UCITS fund using the same trading strategy as their flagship fund, the J8 Futures Fund, a CTA managed futures fund domiciled in Malta. The launch is expected to take place in the fall.

"We see increasing interest from investors who ask for a UCITS vehicle to gain exposure to our investment strategy," Tillmann Sachs, CIO and head of research, told Opalesque.

The J8 Futures Fund appreciated by 4.50% in June, 10.92% YTD and 12.77% since its December 2012 inception. Comparatively, the SG CTA Index is up 1.29% MTD and 5.5% YTD.

The fund employs long and short proprietary algorithmic trading strategies in liquid futures and forwards and other derivatives. It trades in fixed income, currencies and commodities. The portfolio is risk weighted and applies leverage control with a target volatility mechanism.

B. Gravrand Margate Capital hires partner

Samantha Greenberg

Samantha Greenberg's Margate Capital hired Jared Weisfeld as a partner and technology sector head.Weisfeld joined the new hedge fund in June, and previously was an associate portfolio manager at Balyasny Asset Management and an analyst at Steve Cohen's SAC Capital. The nascent fund is targeting $400m to $500m when it launches later this year, ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.