"The Short-Term Futures Portfolio marks yet another step in the evolution of NuWave's suite of portfolio offerings," said Craig A. Weynand, NuWave's Chief Operating Officer. "Over the last 3 years, NuWave has introduced a number of new portfolios – including diversified trend-based managed futures, commodity-only spread trading, long-only U.S. equity and a multi-strat portfolio that blends long-only U.S. equity with trend-based managed futures - many of which now have multi-year track records trading both proprietary and client capital. These offerings complement NuWave's flagship portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral), providing investors with a comprehensive suite of alternative investment solutions from which to choose."
The Short-Term Futures Portfolio commenced trading in July of 2016 with $20 million in assets under management; given both the short-term nature of its trading and the unique tenets of NuWave's proprietary modeling process, it is anticipated that the portfolio will exhibit distinct correlation benefits and a more consistent risk/return profile over time when compared to traditional CTA offerings.
About NuWave Investment Management, LLC
Established in February of 2000, NuWave Investment Management, LLC specializes in the development of quantitative trading strategies and their systematic application to financial and commodity markets. Based in Parsippany, New Jersey, the firm manages more than $150 million across a variety of investment portfolios, focused on diversified managed futures, commodity-only spread trading, long/short equity (market neutral) and long-only equity. NuWave is registered as a commodity trading advisor and a commodity pool operator with the National Futures Association, as well as being registered as an investment adviser with the United States Securities and Exchange Commission. For more information, please call (973) 888-6800 or visit www.NuWaveCorp.com.
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SOURCE NuWave Investment Management, LLC