GLOBAL - Managed futures specialists Mount Lucas Management (MLM) has launched its first two offshore hedge funds aimed at non-US institutional and private investors.
Both the MLM Index Fund and the MLM Global Markets Strategy Institutional Fund are domiciled in the Cayman Islands.
The Capital Partnership and Ashbridge Investment Management of Philadelphia seeded the index fund. An unnamed European institution funded the global markets strategy offering.
Raymond Ix, senior vice president of New Jersey-headquartered MLM said: ”These new offshore funds provide access to sophisticated, passive index-based vehicles that replicate the returns in asset classes typically used by hedge funds, including bonds, currencies, commodities and equities.''
By Madhu Kalia
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.