Launches & Closures

Excalibur futures fund targets $100 million


Sydney-based Excalibur Management is looking to raise as much as $100 million from Asian and European investors for a strategy that systematically trades S&P500 index futures.

Matthew Harper, one of the principals of the firm, says the systematic trading strategy went live in May when they received $3 million seed money from an Australian family office and the strategy has managed to post 6-7% in returns so far. A six-year back test of the strategy indicated average returns in excess of 25% per annum.

The trading system generates the same signal as the program employed by Excalibur in