LGT Capital Partners' Crown Managed Futures program was singled out, from a group of six shortlisted managed futures programs, as "the best risk adjusted performer among the global fund of hedge funds universe."
Thomas Weber, Partner at LGT Capital Partners, comments: "We are pleased to be recognized by the InvestHedge Fund of Hedge Funds Awards for our commitment to delivering excellent returns and downside protection for our clients. Crown Managed Futures proved its ability to perform in different environments, in particular during the two bear markets of 2000-2003 and 2007-2009, where it returned +28.6% and +21.7%, respectively. We see growing client interest in a program like Crown Managed Futures, which has helped investors manage the risks associated with turbulent markets."
Launched in October 2000, Crown Managed Futures is one of the world's oldest CTA/macro multi-manager managed account programs. Since inception it has generated an annual net return of 9.4%, compared with -1.1% for the MSCI World Hedged USD Price Index. With USD 1.8 billion (trading level) of allocated assets it is also one of the world's largest. Crown Managed Futures investors benefit from the program's proprietary managed account platform, which enables full transparency on the more than 450 instruments held by its 15 managers. In addition, Crown Managed Futures is able to respond quickly to changing market conditions through the daily liquidity it has with underlying managers, while investors enjoy weekly liquidity on their investment.
The InvestHedge award coincides with a significant milestone for the program's UCITS share class. Client investments have recently surpassed the USD 100 million mark, with total capital of USD 118 million (as at 28 February 2011).