Hedge Funds

Vancouver group buys Matisse futures fund


In a sign that access to alternatives is becoming increasingly important in Canada's maturing hedge fund market, Vancouver-based Asset Logics Capital Management this week announced plans to acquire Matisse Investment Management.

Matisse oversees the Dynamic Managed Futures Hedge Fund, a futures fund of funds with a five-year track record. The strategy only has about $12 million under management. But the fund may have some big growth potential considering the names of the underlying fund managers, which include futures giants Dunn Capital and Chesapeake Capital.

Underlying portfolios are diversified and the most recent asset mix included about 38% in interest