Despite a poor year for CTAs in 2009, the long-established
operation is looking to expand its investor base beyond its
home market in Austria on the strength of its long-term track
The year 2009 may not have been a vintage one for CTAs, but
there is still no shortage of systematic trend-following firms
in Europe with strong-looking long-term track records.
Alexander Svoboda and Michael Neubauer
One which only came on to the radar screen recently for
EuroHedge readers is SMN Diversified, which has been trading
since way back in 1996 and can boast a proud track record with
compound net annualised gains of about 10%.
SMN has an organisational structure based on two locations -
Hamilton in Bermuda, which is the location for portfolio
management, research and trading; and Austrian capital Vienna,
the home base of the team and the centre for marketing and
distribution, product management, risk...