LGT to launch fund of managed futures funds

LGT Capital Partners is launching a Ucits-compliant version of its Crown Managed Futures fund next month.

Its flagship $670m Crown fund has returned 10.5% annually since launching in October 2000, compared to -2.1% from the MSCI World index. The Ucits III product will provide access to hedge fund managers trading commodities, equities, fixed income and foreign exchange. It will offer weekly liquidity. Werner von Baum, partner at LGT, says: "Allocating to this space can reduce volatility and market risk of a portfolio, helping to generate superior risk adjusted returns. "For a Ucits product, it is of key importance that the underlying assets are well matched to the liquidity being offer...