Hedge Funds

Hassenphlug launches his own commodity CTA


Roughly six months after selling his final stakes in Hamburg, Germany-based Conservative Concept Group, Ralph Hassenphlug will open a commodity trading advisor dubbed Hassenphlug Capital Corp. Hassenphlug intends to limit its assets to $40 million.

Before launching the Bristol, Maine-based firm, Hassenphlug was the president of Conservative Concept's North American arm. In his previous role, he presided over a CTA that employed a number of proprietary systematic strategies.

The CTA closed two years ago, due to lacklustre performance that generated an annualized return of 2.75%. After starting Conservative Concept's parent company in 1991, Hassenphlug initially launched Conservative Concept