Castlestone hybrid fund launch

The group claims managed futures have maintained decent returns throughout the market turmoil and predict the asset class will work well in tandem with equities, which have yet to see a turnaround. Managed futures use trading processes to access the global futures markets. Castlestone is currently testing the market appetite for the Defensive Equity fund, with a view to launching the vehicle at the end of January. The fund is likely to be an open-ended mutual fund, domiciled in the British Virgin Islands with 40% allocated to global equity indexes, and 60% in managed futures hedge fund...