NuWave adds intra-day futures program to complement its diversified suite of portfolio offerings; Short-Term Futures Portfolio commenced trading in July of 2016 with $20 million in assets under management
PARSIPPANY, N.J., Nov. 2, 2016 /PRNewswire/ -- NuWave Investment Management, LLC, a leading alternative investment manager specializing in the application of systematic investment strategies, is pleased to announce the launch of the NuWave Short-Term Futures Portfolio. The Short-Term Futures Portfolio represents a new model set that is entirely focused on short-term directional trading opportunities, yet shares a common heritage with many of NuWave's existing trading methodologies (borrowing key modeling concepts from the firm's core investment portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral)). The Short-Term Futures Portfolio employs a fully automated signaling and execution engine, while utilizing a variety of intra-day modeling techniques to identify short-term price dislocations across a broad array of diversified futures markets, including stock indices, fixed income, currencies and commodities. The portfolio, which targets a consistent volatility profile and low correlation to traditional managed futures strategies, seeks to deliver attractive risk-adjusted returns relative to both traditional investments and any peer group of CTA offerings. "The Short-Term Futures Portfolio marks yet another step in the evolution of NuWave's suite of portfolio offerings," said Craig A. Weynand, NuWave's Chief Operating Officer. "Over the last 3 years, NuWave has introduced a number of new portfolios - including diversified trend-based managed futures, commodity-only spread trading, long-only U.S. equity and a multi-strat portfolio that blends long-only U.S. equity with trend-based managed futures - many of which now have multi-year track records trading both proprietary and client capital. These offerings complement NuWave's flagship portfolios, the Combined Futures Portfolio and the Long/Short Portfolio (Equity Market Neutral), providing investors with a comprehensive suite of alternative investment solutions from which to choose."