Campbell to reopen managed futures funds


Campbell & Co., the $11 billion commodities trading advisor, is planning to reopen its managed futures portfolios to new investment. The move comes even as the firm has recently suffered significant losses, with the main portfolio down about 6% this year through July.

In September, Campbell will reopen its $9 billion Financial, Metals & Energy portfolio, which launched in 1983 and has been closed since the end of 2004 for offshore investors and since the first quarter of 2006 for onshore investors. Campbell will also open its Global Diversified Portfolio, which is only offered in the United States.