Aquila Capital has launched a new, UCITS compliant CTA fund to the UK market. The AC Spectrum Fund is a liquid futures fund and is one of the first of its kind to offer daily rather than weekly liquidity.
The new fund is a fully systematic trend follower that targets a return of 18% to 20% per year with 15% volatility. The AC Spectrum Fund has shown strong performance in 2011. In the month of August the fund returned 9.88%, with a return of 9.44% since inception¹.
The fund exploits a number of proprietary, rule based strategies that have been developed by the Aquila Capital Quant Team and masterminded by Prof Dr Harry M Kat, who has recently joined Aquila as the Quant Team’s Head of Research. Responsibility for the management of the AC Spectrum Fund lies with fund manager Dr Jan Auspurg, who is supported by Dr Dieter Rentsch, Harold Heuschmidt and the Quant Team.
Trend following is at the fund’s core but is supplemented with two additional strategies that are negatively correlated to the trend following strategy to create a more stable return stream over time.
Kat says: “The Spectrum team combines long standing practical expertise with deep academic insights to create a unique product for Aquila Capital.
“Efficient diversification is one of the main pillars of AC Spectrum – the fund diversifies over markets as well as over fundamentally different strategies.”
Roman Rosslenbroich (pictured), CEO and founder of Aquila Capital, says: “Prof. Kat is a world-renowned expert on alternative investments and a pioneer in hedge fund replication research. We’re delighted to welcome him to the team.”
