Hedge Funds

Appleton starts Cayman-based futures fund


Appleton Capital Management recently launched the Appleton Global Opportunity Fund, a Cayman-based managed futures fund. The fund, overseen by David Wash, has a targeted standard deviation of 15%.

The systematic trading models used by the fund will target opportunities in various futures markets including interest rates, bonds and currencies. The investment strategy follows an investment regimen similar that Appleton Global Opportunity program, a two-year-old non-pooled managed account vehicle that last year posted returns of about 4%.