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Home  Hedge Fund News Latest Martin Asset Management (MAM) Unveils New ETF Fund |
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Martin Asset Management (MAM) Unveils New ETF Fund |
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Written by Editor
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Tuesday, 19 February 2008 |
Martin Asset Management (MAM) Unveils New ETF Fund
Martin Asset Management has unveiled a new ETF fund called the MAM Global ETF Fund LP. The new fund was officially launched on Feb. 15, MAM official, Francisco Martin, who is the Senior Managing Director and Portfolio Manager, told Hedgefundexchange that they wanted to create an ETF fund which would allow them to do what they do best by “ picking promising Global Macro Trends” .
The MAM fund which invests exclusively on ETFs (Exchange Traded Funds) aims at attracting high-net-worth investors, as well as institutional mangers, such as pensions funds and endowments and others. Martin previously worked at Union Bank of Switzerland, and at Julius Baer private bank in San Francisco, he eventually became the Vice President of Julius Baer & Co. Ltd, in charge of the bank’s private client services for the states of California, Arizona and Nevada.
Mr. Martin explains that the new ETF fund would use a “Global Macro-Centric” strategy in trading, when asked to explain the “Global Macro-Centric” strategy, Martin said, “The world is my oyster. That pretty much says it all. I believe that markets always have an investment opportunity to offer. Having a true Global macro horizon means to broaden the opportunities and therefore maximizing ones returns”, he added.
ETFs generally offer great diversification potentials, according to Martin, the MAM fund does not use any leverage in trading, on diversification potentials Martin said, “The fund is well diversified due to the fact that it only uses ETFs. It only invests up to 20% in one single ETF and it doesn't use leverage nor does it short the market. We will use already inversely correlated ETFs and leveraged ETFs to achieve the same benefits without the added risk,” Martin added.
The MAM ETF fund anticipates to launch with about $20 million of seed capital, Martin explained that the fund has received hard commitments from investors. The minimum investment requirement is $500,000; the fund carries an annual management fee of 1% and 15% for performance fee. With volatility estimated around 10%, annual return is anticipated in the range of 18-20% according to Mr. Martin. MAM launched its first hedge fund in January; the Ilios Alternative Energy Fund oversees about $15 million in total investor assets
Hedgefundexchange.net Staff Writer
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Copyright 2008 by Hedgefundexchange.net
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Last Updated ( Sunday, 06 July 2008 )
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