Launch of Mentum Managed Futures Accounts
February 23 2010 - 2:30AM
UK Regulatory
TIDMCMM
RNS Number : 5124H
Commoditrade Inc.
23 February 2010
23 February 2010
(AIM: CMM)
Commoditrade Inc
("Commoditrade" or "the Group")
Mentum Launches Commodities Managed Futures Accounts
Mentum LLP ("Mentum"), the Group's wholly-owned commodities asset management
company, is pleased to announce the launch of its Managed Futures Accounts
("MFAs"). The Mentum MFAs provide clients with a choice of investment products
across commodity classes, with an initial focus on listed base metals and energy
derivatives, traded on major global derivative exchanges.
The Product
Mentum will offer clients access to a suite of portfolio managers trading
multiple commodity classes and strategies and each representing an individual
investment product. An investor can view each portfolio manager's 'product'
profile before deciding whether an individual or a combination of managers best
suits their requirements. The asset management team and the range of commodity
classes on offer is expected to expand as the number of clients and funds under
management increase.
Mentum is extremely conscious of the importance of providing an investor the
optimum in transparency and risk management. Significant care and attention has
been committed to implementing a resilient, robust and automated technical and
operating architecture to support the MFAs. Mentum has chosen a market leading
systems provider for listed derivatives, this is to ensure the technical
infrastructure facilitates the Mentum operations team in providing the optimum
in efficiency, automation and security when processing and in the risk
management of each Managed Futures Accounts.
The performance objective of the new product is to generate absolute returns for
clients of between 15% to 20% with controlled volatility through disciplined
portfolio management and systematic risk parameters.
Markets Traded in Base Metals & Energy
+------------+-----------+
| London | Copper, |
| Metal | Aluminum, |
| Exchange | Zinc, |
| (LME): | Lead, |
| | Nickel, |
| | Tin. |
| | |
+------------+-----------+
| ICE | Gas |
| Futures | oil, |
| Europe: | WTI, |
| | Brent. |
| | |
+------------+-----------+
| New | Heating |
| York | oil, |
| Mercantile | WTI. |
| Exchange: | |
+------------+-----------+
Commodity Trading Expertise
The management team and senior traders at Mentum have, on average, 20 years
experience trading, managing and building businesses within the commodity arena,
specifically in futures and options listed on global derivatives exchanges. The
experience gained includes working at commodity hedge funds, top tier investment
banks and on major commodity exchange trading floors.
Commodity Trading Strategies
The trading philosophy will employ a combination of relative value strategies
including calendar spreads, location/product arbitrage and options, and
directional strategies taking advantage of potential short and medium term
trading opportunities.
The Mentum asset management teamhas already commenced trading utilising
investment seed capital provided by the Group. Mentum is in the process of
setting up MFAs for new clients, a number of whom are investors known to Mentum
who had previously invested in AMCO Commodities Fund Limited which was managed
by the management team of Mentum LLP. Initial funds under management at launch
total $20 million.
Commenting, David Phipps, CEO of Commoditrade, said:
"The launch of the Mentum MFAs is in line with the Group's strategy to build
additional revenue streams utilising its new systems and scaleable trading
platform. Investors have the flexibility to move between traders and asset
classes or blend, depending on their requirements. Over the last twelve months
we have adopted a very efficient, controlled and robust operating and technical
infrastructure and this is the first of our new products to benefit from the new
platform under the new Mentum brand name."
www.mentumgroup.com
www.commoditrade.net
+------------------------------------------+---------------------+
| Enquiries: | |
+------------------------------------------+---------------------+
| Commoditrade Inc, David Phipps, Chief | tel: +44(0)20 7074 |
| Executive | 2200 |
| Danny Chart/Keiron Mathias, Mentum | |
| | |
+------------------------------------------+---------------------+
| Strand Hanson, James Harris / Angela | tel: +44(0)20 7409 |
| Peace | 3494 |
| | |
+------------------------------------------+---------------------+
| Liberum Capital, Chris Bowman / Ellen | tel: +44(0)20 3100 |
| Francis | 2000 |
| | |
+------------------------------------------+---------------------+
| Hansard Communications, John Bick / | tel: +44(0) 20 7245 |
| Justine James | 1100 |
| | tel: +44(0) 7872 |
| | 061007 |
+------------------------------------------+---------------------+
Notes to Editors
Mentum LLP (formerly AMCO Commodities LLP) was incorporated in 2005 and was
acquired by Commoditrade Inc, in February 2009. Mentum LLP is authorised and
regulated by Financial Services Authority (UK) (registration No: 436248).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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