Winton has launched two new alternative investment funds (AIFs) that have been structured to comply with the EU Directive on Alternative Investment Fund Managers (AIFMD).
The funds are domiciled in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). One fund is a managed futures fund of the sort that has traditionally been managed by commodity trading advisers, which allows direct access to the Winton Futures Program by non-US investors. The other is a broadly diversified hedge fund that will follow the same investment program as Winton's 17 year-old flagship fund that currently has global assets of USD12.6 billion.
All of Winton's investment programs (the Winton Diversified Program, the Winton Futures Program and the Winton Long-Only Equity Program) are now available directly through European onshore regulated funds.
The AIFs will allow Winton to take advantage of marketing and distribution rules that have been streamlined and harmonised as a result of the AIFMD and the AIFs may be accessed by professional investors across Europe.
David Harding, Winton's CEO, says: "We are delighted to be able to offer a cost effective European regulated fund structure to investors. We see the European market becoming as important to us as the US market in the coming years."