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EEA futures fund targets up to 20% return

The Equity, Environmental and Alternative investment group has expanded its product range with a futures fund.

The fund will be co-managed by company director Paul Goacher and new manager Darran Goodwin.

The fund is targeting 15-20 per cent return a year and aims to provide investors with an uncorrelated investment returns by using long and short strategies across all commodity and financial markets.

Commodities account for about 60 per cent of the portfolio, with 40 per cent held in financials, including currencies, stock indices, government bonds and interest rates.

Goodwin joins EEA to manage the fund and programme after three years at Bear Stearns.

The programme has been running since November 2006 and has delivered 46.42 per cent total return to the end of September 2008 after adjustments and fees.

Goodwin says: “In times when traditional buy and hold strategies don’t work, investors need to have an uncorrelated alternative. The EEA futures fund is such an alternative and offers qualified investors access to a programme with a successful track record.”

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