Hedge Funds

Campbell & Co. closes two largest portfolios to new investors


Campbell & Company, the $13 billion managed futures shop, closed its two largest strategies - the Financial, Metals & Energy (FME) and Global Diversified portfolios - to new investors, effective March 28. All funds offered by Campbell that employ these strategies will no longer accept subscriptions from new investors.

However, investors looking to access these strategies can place capital with the firm's multistrategy portfolio. That portfolio currently includes a 30% allocation to cash equities and a 70% allocation to the same futures and currencies strategies that are included in the FME and Global Diversified portfolios, but in different