Financial Risk Management, one of the world’s biggest hedge fund research and investment specialists, has launched
Financial Risk Management, one of the world’s biggest hedge fund research and investment specialists, has launched a new offshore fund – FRM Sigma – that invests in global CTAs, reported Financial Standard this week. The firm’s Australia office, headed up by managing director Richard Keary (pictured), has spearheaded the launch with Keary confirming that FRM had been in talks with Australian and New Zealand-based financial planners who, to date, had provided much of the AUD25million at launch. To date, FRM Sigma has seven CTAs in its portfolio. “FRM Sigma provides exposure to CTAs trading futures contracts over share indices, bonds, interest rates, currencies and commodities using highly automated systematic trading systems,” said Keary. The CTA/Managed Futures strategy has long been popular in Australasia. FRM is continuing its discussions with financial planners and has, according to Keary, been receiving “very positive responses” regarding the new FoHFs. The fund will look to target annualised returns of 15 per cent over a five-year period and deliver a volatility range of 15 to 20 per cent. The fund, according to Financial Standard, has received a “Highly Recommended” from Zenith and “Recommended” by Lonsec.