Asset management group, Managing Partners Group (MPG), has launched a cash fund that offers investors an operational credit card secured against their invested assets.
MPG said that the Liquidus FX fund will offer investors a high rate of interest by investing in a balanced managed currency portfolio, through the use of an algorithm with a strong track record.
The fund is aimed at institutional, qualified and high net worth investors. It uses short-term money market and derivative instruments such as forward currency contracts, index swaps, options and cash deposits. It will have one share class, in US dollars, and a minimum subscription of US$100,000. MPG chief executive officer, Jeremy Leach, commented: “This is a highly versatile product with an impressive investment process and track record, so institutional and qualified investors can earn a rewarding return on their cash holdings with monthly liquidity. Back-testing the strategy produces a return of 200% over the last five years.”