CHICAGO, Aug. 4, 2011 /PRNewswire/ -- Grant Park Funds, a leader in the growing managed futures fund segment, announced today that it is approaching $1B in assets under management. The firm's Grant Park Managed Futures Strategy Fund (GPFIX:US) takes advantage of sustained price movements, enabling investors to diversify their portfolios, offset risk and minimize overall portfolio volatility.
"Grant Park's steady asset growth reflects advisor and investor recognition of our transparency, rigorous due diligence adherence and ability to produce non-correlated returns while actively managing portfolio risk across the global markets," said David Kavanagh, Grant Park Founder and CEO. "This milestone reflects the strength of our investment philosophy and the talent of the Grant Park team. We continue to raise assets at high rates, with 40% growth in assets year over year in our publicly-available fund. Managed futures have come of age as the flight to quality and diversification continues."
Grant Park specializes in limiting downside risk through strict volatility limits, investing only in highly liquid markets. The Fund's investment strategy seeks to generate capital appreciation by capturing returns related to price trends in the commodity and financial futures markets, preserving principal and generating interest income by investing primarily in investment-grade securities. This strategy is based on quantitative and fundamental analyses of price trends in six market sectors, which can offer potential profits in both rising and falling markets.
"We offer access to global futures and commodities that are otherwise difficult to access, meeting the growing demand for the preservation of capital by limiting downside risk and providing greater portfolio diversification," Kavanagh added. "Grant Park will continue to create additional mutual funds and private placement offerings to meet significant client demand in the coming year. We owe our success to the fact that we identify and work only with the best money managers in the space, and have so for more than 20 years."
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About Grant Park Funds
Grant Park Funds is a leader in the managed futures mutual fund industry with $1 billion in assets under management. Founded in 1989 by veteran CBOT trader David Kavanagh, Grant Park helps investors diversify their portfolios by offering exposure to managed futures through a transparent mutual fund. The Grant Park Futures Fund is a publicly-offered, multi-advisor managed futures fund registered under the Securities Act of 1933.
Headquartered in Chicago, Grant Park Funds has one of the longest, most distinguished track records in the history of the managed futures fund industry. For more information, visit http://www.grantparkfunds.com.
SOURCE Grant Park Funds