Welton Investment Corporation has announced the addition of its Global Directional Portfolio program (GDP) to the AlphaMetrix Mosaic Platform.
The Welton GDP program is among a small group of programs approved by AlphaMetrix to provide 'best of class' diversified trend-following exposure.
'We're proud that GDP was selected to help fill this very important category within the Mosaic manager roster,' says Chris Keenan, Marketing & Strategic Planning for Welton.
As an online direct investment portal, the Mosaic Platform provides efficient access to global trading advisors with a focus on Commodity Trading Advisors (CTAs), FX and Global Macro managers. Investors can custom-build their own manager 'cells', or choose from pre-selected manager groupings to accomplish specific investment objectives. In addition, Mosaic offers highly customizable real-time performance analytics, risk management tools and portfolio construction resources - capabilities that appeal to investors ranging from the largest institutions to high net worth individuals.
'Investor momentum continues to build for GDP in 2006, and we attribute this to the program's simple, no-nonsense mandate: preserve the desirable uncorrelated traits of the managed futures style class while also delivering top-tier performance,' said Keenan.
Since inception in June 2004 through August 2006, GDP has maintained a 0.03 daily equity Beta while also outperforming its benchmark, the S&P Managed Futures Net Value Index, by +46.63%. Now in its third year of trading, GDP currently trades approximately $133M, a $95M increase since the end of 2005.
Background notes: Welton Investment Corporation is a quantitative hedge fund manager specializing in managed futures. The firm has been providing professional investment management services for institutional, bank, fund of funds, and family office clients throughout the world since 1989. Welton is registered as a CTA with the CFTC and is an NFA Member. Welton manages approximately USD 172m and is located in Carmel, California.