Aspect Capital has launched a ‘trend-following’ fund that includes investment in commodity markets within the Ucits funds regulatory regime.
Aspect Core Ucits Fund has raised US$40 million (€34 million) of pre-launch capital from external investors, the London-based systematic manager said.
The fund provides access for institutions to the firm’s $1.5 billion ‘core diversified programme’ that applies a systematic trend-following strategy across 100 highly liquid financial and commodity markets and targets 12% volatility.
Aspect Core is the third Ucits fund from firm, which overall manages $8.8 billion. The other funds are a ‘diversified trends’ strategy based in the momentum investment factor, and a systematic global macro fund.
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