Laven Partners Asset Management has launched a second commodity trading adviser fund - the Laven Funds Global Systematic ST Plus SPC.
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Laven Partners Asset Management has launched a second commodity trading adviser fund - the Laven Funds Global Systematic ST Plus SPC.
The fund is based on the firm's Laven Funds Global Systematic ST SPC, which launched in May 2008, and uses the same systematic high-frequency CTA/managed futures strategy. It invests in liquid futures to generate returns from market inefficiencies across stock, bond and currency markets.
The strategy is driven by over 200 market tested statistical arbitrage models that are 2/3 trend following and 1/3 contrarian.
However, to offer greater liquidity, the Laven Funds Global Systematic ST Plus SPC offers weekly dealing dates to investors, for both subscriptions and redemptions, subject to three days' notice.
Jérôme de Lavenère Lussan, director of Laven Partners Asset Management, says: 'Since launch, Laven Funds Global Systematic strategy has delivered on its promise of generating absolute returns regardless of market conditions, a key aim for any hedge fund.
'Investors like our existing Global Systematic Fund but some are also looking for a product with potential for higher returns. The new fund is tailored for investors looking to invest in a CTA/managed futures strategy with controlled volatility/risk and a potentially higher performance. Despite the current economic climate there is increasing risk appetite among some investors for truly decorrelated strategies like this one.'
John Locke Investments, a French investment management company regulated by the AMF, acts as the fund's adviser.
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