John Locke Investments, a Paris-based commodity trading advisor, has launched its first UCITS compliant fund.
The Cyril Systematic Fund, which has more than $42 million (30 million) in assets under management, provides investors with access to the firms Cyril Systematic Program.
The fund was recently approved by the French financial regulator, the Autorité des Marchés Financiers.
John Locke has been offering its flagship Cyril Systematic Program to clients over the last 11 years via onshore and offshore funds as well as managed accounts.
The fund adopts a fully systematic approach to investing in global futures markets, according to a statement.