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December 15, 2003 at 07:00 PM
NEW YORK (HedgeWorld.com)–Meyer Capital Management of Barrington, Ill., expects to launch a Cayman Islands-domiciled fund before the end of the year.
The Galahad Fund will be based on the same quantitative, diversified managed futures strategy that James Meyer has used over the past five years. It includes a wide range of futures, from grains and interest rates to stock indexes, currencies and metals.
Year to date as of November, this strategy posted a return of over 23%. The firm has been running managed accounts and a U.S.-based hedge fund.
“Many of the institutional investors and fund of funds whom we have visited would prefer the offshore product,” said Managing Director Mike Stendler. The Galahad Fund will satisfy that demand and is preferred by non-U.S. investors, he added.
