Digital Assets Report


Like this article?

Sign up to our free newsletter

Witherspoon uses Hydra marketplace for FitzRandolph Futures Fund

Related Topics

Witherspoon Asset Management is using Kettera Strategies’ Hydra marketplace to facilitate many of the investments for its newly-launched FitzRandolph Futures Fund.

“We are pleased to have Witherspoon and FitzRandolph using the Hydra marketplace,” says Jon Stein (pictured), CEO of Kettera Strategies, which operates Hydra. “I have known the principals of Witherspoon for years. They are an A-team of allocators in this space and we are honoured to work with them.”
Lee Gladden, Witherspoon’s founder and CEO, started Witherspoon in 2012 after more than 30 years in managed futures, including director of marketing and product development at Commodities Corporation (now Goldman Sachs Hedge Fund Strategies Group), and chairman and co-founder of Princeton Futures.
FitzRandolph Futures Fund is a multi-manager futures fund which launched in June with a USD50 million seed investment from a family office.
“Hydra gave Witherspoon the access to the managers that we wanted for the FitzRandolph Fund as well as the transparency and liquidity we need to serve our investors,” says Gladden. “Hydra is an important solution for a major portion of our portfolio construction and allocation.”
Hydra is a global market platform providing investors with manager access, notional funding, daily transparency and twice monthly liquidity to established and emerging asset managers. With the recently announced additions of ADG Capital, AE Capital and Quantitative Investment Management, Hydra now offers nearly 40 investment programmes across a range of strategies. 

Like this article? Sign up to our free newsletter

Most Popular

Further Reading