Digital Assets Report


Like this article?

Sign up to our free newsletter

CTA Millburn announces move to daily dealing for UCITS-compliant fund

Related Topics

The DB Platinum IV dbX Millburn Multi-Markets Index Fund (the fund), a UCITS-compliant version of the Millburn Ridgefield Corporation (Millburn) Multi-Markets trading program, has improved liquidity terms and now offers daily dealing.

The fund, which recently marked its one-year anniversary, has attracted USD 108 million in assets since inception. It was originally launched with a weekly liquidity provision.

The fund provides investors with access to Millburn’s Multi-Markets trading program (“Multi-Markets”), offered through a European-based, regulated format and modified only as necessary to comply with UCITS constraints and requirements.

Multi-Markets, upon which the fund’s strategy is based, trades a diversified set of more than 120 markets and utilises a variety of systematic trend-following and non-traditional trading approaches. These approaches consider many different data sources and types, and cover a wide array of time-frames. Holding periods for individual models range from short-term (intra-day) to long-term (several weeks or months). Multi-Markets has a track record of more than seven years and has historically demonstrated low correlation to stock, bond and hedge fund indices.

Executive Vice President of Millburn, Barry A Goodman (pictured), says: “Millburn was one of the first major US-based CTA managers to launch a UCITS product, and we’ve been pleased with the opportunity to provide a new segment of investors with access to what we believe is a very strong and differentiated product – one that can be a solid choice as a first CTA investment or as a way to diversify current CTA portfolio holdings.

“Now, with the move to daily liquidity, we think the UCITS offering should be even more attractive to end-investors looking for ways to diversify their existing portfolio risk and deal with continuing volatility in global equity markets.”

Alex McKenna, director, head of db-X funds (the structured funds division of Deutsche Bank), says: “As one of the leading UCITS platforms for hedge fund products, we are pleased to introduce daily liquidity on the DB Platinum IV dbX Millburn Multi-Markets Index Fund. Increasing the frequency of liquidity is an example of how we are continuously working to support our platform partners and enhance our product offering for investors.”

Like this article? Sign up to our free newsletter

Most Popular

Further Reading