CHICAGO, Aug. 15, 2012 /PRNewswire/ -- 2100 Xenon Group, an affiliate of Old Mutual Asset Management, is pleased to announce it has been selected by Russell Investments as one of the alternative asset managers in the newly launched Russell Multi-Strategy Alternative Fund.
"We are very proud to be among the group of alternatives managers selected by Russell," said Jay Feuerstein, Founder and Chief Investment Officer of 2100 Xenon. "Our goal is to provide a long volatility, absolute return profile that succeeds when traditional long only investment strategies suffer. We hope to achieve this goal through a managed futures strategy with a negative or low correlation to most equity, bond and hedge fund strategies."
2100 Xenon's Managed Futures strategy is a systematic, diversified managed futures strategy that invests in global fixed income, equity, commodity and currency markets. The program has an eight year track record and uses mathematical and statistical approaches to make investment decisions across 56 global futures markets.
"The growth of the managed futures asset class in the mutual funds space is hardly surprising given the aim of providing a transparent, liquid and uncorrelated source of alpha," said Bruce Mumford, Partner and Director of Marketing and Client Services at 2100 Xenon. "Since the financial crisis of 2008, institutional investors have come to recognize that a tactical allocation to managed futures may provide broad and meaningful diversification to an overall investment portfolio."
About 2100 Xenon Group, LLC
2100 Xenon Group is a global investment manager specializing in managed futures and global macro strategies. 2100 Xenon's clients include global financial institutions, public funds, fund of funds and high net worth individuals and family offices from around the world. An affiliate of Old Mutual Asset Management, 2100 Xenon was founded in 2001, and is registered with the CFTC and SEC. As of August 14, 2012, 2100 Xenon manages approximately $260 million, and has total assets under advisement of approximately $5.7 billion. For more information please visit www.2100Xenon.com
About Old Mutual Asset Management
Old Mutual Asset Management (OMAM) is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional and individual investors around the world. The assets under management of OMAM's affiliated investment firms were $208 billion as of June 30, 2012. OMAM is the name through which Old Mutual (US) Holdings Inc. conducts its U.S. asset management business. Its parent company is London-based Old Mutual plc. More information on OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com.
About Old Mutual plc
Old Mutual is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Africa, the Americas, Asia and Europe. Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com.
SOURCE 2100 Xenon Group, LLC