Launches & Closures

Skandia teams up with Aspect Capital for managed futures


Skandia Investment Group is launching a global futures UCITS fund in partnership with Aspect Capital. The London-based hedge fund manager, founded by Michael Adam and Martin Lueck, of AHL fame in 1997 alongside Anthony Todd and Eugene Lambert, has $6 billion assets under management.

The Dublin-domiciled Skandia Global Futures Fund launched on 1 November with $24 million (£15 million) of seed capital. The fund comes with a 2% annual management charge and 20% performance with a high watermark.

Anthony Todd: chief executive of Aspect Capital

The Skandia fund is based on the Aspect Diversified