PARSIPPANY, N.J., Nov. 2, 2016 /PRNewswire/ -- NuWave Investment Management, LLC, a leading alternative investment manager specializing in the application of systematic investment strategies, is pleased to announce the launch of the NuWave Short-Term Futures Portfolio.
The Short-Term Futures Portfolio represents a new model set that is entirely focused on short-term directional trading opportunities, yet shares a common heritage with many of NuWave's existing trading methodologies (borrowing key modeling concepts from the firm's core investment portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral)). The Short-Term Futures Portfolio employs a fully automated signaling and execution engine, while utilizing a variety of intra-day modeling techniques to identify short-term price dislocations across a broad array of diversified futures markets, including stock indices, fixed income, currencies and commodities. The portfolio, which targets a consistent volatility profile and low correlation to traditional managed futures strategies, seeks to deliver attractive risk-adjusted returns relative to both traditional investments and any peer group of CTA offerings.
"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