Launches & Closures

Lyxor’s China arm launches first China CTA

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Fortune SG Fund Management, in partnership with Winton Capital Asia, has launched what is thought to be the first CTA onshore in China.

Fortune SG, a joint venture between Lyxor Asset Management and China’s Baosteel Group, says the mandate runs based on a CTA strategy developed with Winton Capital Asia. The latter is the subsidiary of London-based Winton Capital Management, headed by David Harding and now the world’s biggest CTA operator with at least $28 billion in assets.

The Fortune SG Managed Futures Yuansheng No 1 mandate mainly targets sophisticated investors, including institutions and high-net-worth individuals. It was