Matrix Money management has created a capital-protected hedge fund that invests in futures via the Winton Trading Strategies Fund.
The Matrix Ascension Plan is available to investors with at least £5,000 and has a seven-year term. Investors will get 100 per cent of the growth in the underlying funds and a 96 per cent capital return after the initial 4 per cent charge is deducted.
The Winton Trading Strategies Fund is a mirror fund of the Winton Futures Fund, which was launched in 1997 by Winton Capital Management. It invests in over 100 global futures markets such as energy, base metals, precious metals, equities, currencies bonds and interest rates, using the same investment approach as the Winton Futures Fund.
Winton Capital Management is a London-based managed futures and hedge fund manager. Its founding partner, David Harding, has over 20 years' experience in managed futures. Managed futures aim to exploit price inefficiencies in the global futures markets and as they are not correlated to bond and equity markets, they have the potential to make money in all market conditions.
Winton employs eight mathematicians who study statistics and price data. This statistical analysis is used alongside trading software, so traders are told when to buy and sell. This makes investment decisions more objective and less emotive and it is based on the idea that what happened in the past can be used to understand how the probability of the same trend occurring in the future.
This product follows on from capital-protected hedge fund products from the likes of Close Fund Management and Tilney Investment Management, but investing exclusively in futures sets this fund apart. Matrix is making the futures market accessible to a wider client base through its low minimum investment level and cpaital protection but interest is likely to derive from the high-net-worth and pensions markets rather than the average UK investor.