Launches & Closures

Another top CTA launches absolute return UCITS fund, starting with $100m


Connecticut-based hedge fund manager Millburn Ridgefield Corporation has announced launch assets of $100 million for its UCITS debut.

DB Platinum IV dbX Millburn Multi-Markets Index Fund, which launched earlier this month, is the latest major managed futures firm to launch a fund using the UCITS framework.

Barry Goodman: Millburn Ridgefield Corporation

The new fund is designed to closely track the asset manager’s existing Multi-Markets trading programme, which has a six-year track record and an annualised return of more than 12%. The Luxembourg-domiciled UCITS fund sits on the Deutsche Bank platform.

The UCITS fund trades a diversified set of