BVI-registered hybrid hedge fund launched by NY fund manager

New York fund manager Castlestone Management is going to launch a new fund, Defensive Equity, which is planned to invest in a mix of managed futures and equity indices. The fund is planned to be launched at the end of January, in the status of an open-end offshore mutual fund, registered in the British Virgin Islands.

Castlestone anticipates the 40% distribution in global equity indexes, and 60% in managed futures hedge funds. The firm noticed that in the last two years, investing inĀ  managed futures was one of the few strategies which continued to return healthy profits to investors.

Castlestone currently manages US$700 mln of total assets gold bullion, precious metals, commodity, stock indexes, currencies and hedge funds.

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