Tuesday, January 31, 2023

Dynamic Beta launches managed futures Ucits product

Dynamic Beta Investments, the $2bn firm specialising in hedge fund replication strategies, has launched a Ucits fund as it eyes further expansion.

The New York-based firm, led by Andrew Beer, is aiming its new managed futures product at the European market. It has launched the iMGP DBi Managed Futures Fund in conjunction with its backer, iM Global Partner, the Paris-based fund platform.

“Managed futures, as a strategy, has the potential for great diversification, especially in an inflationary environment,” said Beer, who started Dynamic Beta a decade ago.

He previously co-founded Pinnacle Asset Management, a commodity-focused fund of hedge funds based in New York.

The move brings DB’s managed futures strategy, which runs more than $1bn for US investors, to the European market. Firm-wide AuM recently passed $2bn.


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“The success of our US domiciled ETF strategy (DBMF) has led to European clients asking if we are planning to launch a Ucits version and this is it,” said Jamie Hammond, iM Global’s deputy CEO and head of international distribution.

The iMGP DBi Managed Futures Fund does not invest in funds but seeks to replicate the pre-fee/pre-trading cost returns of 20 leading managed futures hedge funds in a Ucits wrapper.

Other firms in the hedge fund strategy replication space include ex-Bridgewater manager Bob Elliott’s Unlimited, and UK manager Abrdn.