GNI Fund Management and Winton Capital Management have announced a strategic alliance to develop and ...
GNI, a subsidiary of the Gerrard Group, has $450m under management invested in its own exclusive range of trading funds.
Winton Capital Management was established in 1997 by David Harding who had previously co-founded AHL, which now part of ED&F Man. It currently has $120m under management in its own in-house Winton Futures programme. The purpose of this alliance is fourfold.
First, the two companies will work together to develop and market a range of structured products and guaranteed funds for both retail and institutional clients.
John Burridge, managing director of GNI Fund Management, explained: "Rather than just offering products linked to a particular stock market index, we will be offering investors the ability to link their performance to the Winton Futures fund."
The fund is a trend-following product that invests in equities, bonds, commodities and currencies. It generated a return of 56% in 1998 and 13% in 1999.
David Harding, director of Winton Capital Management, said: "We will be working exclusively with GNI in the development and distribution of structured products and we are extremely optimistic about the demand for such products in Asia, the Middle East and South Africa."
GNI will also be providing the seed capital and distribution for two new funds for Winton.
The Winton Capital Market fund will focus on global equities and bonds. The Currency fund will trade foreign exchange.
GNI is also planning to help establish and distribute a number of feeder funds into the Winton vehicles.
Finally, the two companies will work together on a range of quant-based solutions for institutional investors, which will include currency overlays or tailored volatility products.
John Burridge of GNI concluded: "Winton will be bringing to this partnership its considerable expertise as a research and investment management group.
"Meanwhile, GNI will bring to the alliance its skills and knowledge as a distributing house."
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