Following the receipt of CSSF approval at the end of November, iM Global Partner has now launched the iMGP DBi Managed Futures fund for European investors, which aims to replicate the pre-fee performance of a representative basket of leading managed futures hedge funds in a UCITS wrapper.
By targeting the performance of a portfolio of hedge funds, split between different sub-strategies, the fund, which has been launched in partnership with hedge fund replication specialist Dynamic Beta Investments (DBI), seeks to minimise single manager risk.
DBi is the sub-Manager of the iMGP DBi Managed Futures fund, a new sub-fund of the iMGP Luxembourg-domiciled UCITS SICAV.
iM Global Partner launched this strategy three years ago for the US market and, according to etfdb.com, the fund has become the largest Managed Futures ETF in the industry in terms of assets under management, growing from $60 million in 2021 to around $1 billion at the end of 2022 and posting a return of 23.1% in 2022 versus the MSCI World, which fell 18.1% over the year.
