361 Capital, an asset management firm specialising in liquid alternative investments, has launched the 361 Global Managed Futures Strategy Fund.
The fund, which became effective on 12 February 2014, has gained 5.6 per cent since inception for the Class I shares.
The launch of the Global Managed Futures Strategy Fund follows the firm’s flagship 361 Managed Futures Strategy Fund, which finished 2013 as the top-rated managed futures fund since its inception, according to Morningstar. The 361 Managed Futures Strategy Fund grew by nearly 300 per cent in 2013 with net inflows of USD364m, bringing total assets to USD490.5m.
The new 361 Global Managed Futures Strategy Fund normally invests in long and short positions in futures contracts on indices primarily comprised of non-US issuers. The fund seeks to generate performance by employing a suite of systematic trading models that take positions (long, short, or cash) primarily in equity index futures contracts across the globe.
“The 361 Managed Futures Strategy Fund provides our investors with a counter-trend approach to equity managed futures investing with a focus on the US markets,” says Tom Florence, CEO of 361 Capital. “The new global fund takes advantage of the same counter-trend approach while adding exposure to the other major markets around the world.”