Launches & Closures

Lyxor’s China arm launches first China CTA


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