Fund launches & closures

Sydney-based Relative Technologies to market CTA strategy to offshore investors

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Sydney-based Relative Technologies is looking to market its CTA fund to offshore investors from the end of this year with the goal of scaling it to $100 million by next year. It will be the group’s first externally-marketed fund.

The fund, which was founded by ex-Tricom Futures traders in 2008, has 15 onshore Australian investors at the moment and is looking to launch a Cayman-registered vehicle that will allow it to market to offshore investors.

Hugh Mcguire, the fund’s chief investment officer, says the six-man team for the fund is focussed on maintaining a diversified and well-balanced portfolio