Fund launches & closures

Altiq, Solaise roll-outs head new crop of CTA firms

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A number of potentially significant new European-based managed futures funds are in the early stages of launch, adding to the universe of quantitative trading firms in Europe at a time of fast-growing investor appetite for CTAs and systematic investment strategies.

Ali Nejjar, the former head of research at $17 billion managed futures group Winton Capital, plans to launch his new Solaise fund in July – one of a series of new start-ups from senior researchers and portfolio managers at some of Europe’s leading systematic operations.

James Walker, former chief financial officer at Aspect Capital and a former director