News, analysis and personal reflections on the markets & the financial sector

Thursday, January 29, 2009

The CTA: The Long Forgotten, but Successful Model

One of the few bright spots in the fund management world in 2008 was managed futures and CTAs. Cozzene Asset Management is looking to take advantage, but not blow up to the level of John Henry or Keith Campbell.

One New York investment advisory firm is looking to capture some of the dizzying returns generated by managed futures funds last year with a commodity trading advisor fund of funds. 

White Plains, N.Y.-based Cozzene Asset Management is prepping its Harmony Fund 1 for launch next month to invest in a stable of 10 under-the-radar CTAs who trade in the commodity markets. The fund will have exposure to stock indexes, fixed-income, metals, energy, currencies, softs, livestock and grains. 

Lewis Gelbman, principal owner of Cozzene Advisors and the fund’s portfolio manager, said there is currently tremendous demand in the market for managed futures and commodities funds but few funds of funds specialize in the space. As a result, he said the firm wanted to give investors a one-stop shop product with exposure to the different categories of commodities “in a reasonable amount” of capital. 

more at

No comments: