Man Investments is bringing a managed futures fund to the market later this year.
The Man AHL Diversity fund will be launched in conjunction with Dexion Capital Group. It will try to exploit market inefficiencies through the futures market, and aims to be uncorrelated to traditional bond and equity markets.
Harry Skaliotis, the fund manager, will trade futures across seven different asset classes – agriculture, bonds, currencies, including emerging market currencies, energy, equities, metals, and short-term interest rates. The fund is broadly evenly split between the various sectors.
“We focus on these instruments because of their high liquidity, and because we are able to trade them very cheaply, which is good for short-term holders such as ourselves,” Skaliotis says.
The fund is quantitative, with investment decisions made using computer algorithms rather than through active management.
It will be structured as a Ucits III fund and will be managed by AHL, a division of Man Investments. The group says the fund will target double-digit returns over the medium term.
Man is an alternative investment specialist, while Dexion is a hedge fund advisory firm.
The fund launches in October. Minimum investment is £100.