Close Close
ThinkAdvisor

Technology > Investment Platforms > Turnkey Asset Management

Price Introduces Multi-Adviser Managed Futures Fun

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

CHICAGO (HedgeWorld.com)–Price Asset Management Inc., a division of the commodities trading firm Price Group, is launching a registered managed futures fund.

The Price Fund I LP is open to investors for a low initial account size of US$5,000 or US$2,000 for qualified retirement accounts. With an initial offering of US$50 million, the fund is a public alternative investment pool that is registered under the Securities Act of 1933.

The fund invests in futures and forward contracts by hiring up to seven trading advisers to handle the portfolio. Price Asset Management is now in the process of raising funds and anticipates trading will begin at the end of August. Officials at Price wanted a product for retail investment advisers, said Scott Baldwin, executive vice president.

[email protected]

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.