CHICAGO, IL (PRWEB) September 14, 2016
Witherspoon Asset Management LLC, founded by managed futures industry veterans and focused on providing differentiated managed futures investments with a focus on more unique and uncorrelated trading programs, is pleased to announce that it uses Kettera Strategies’ Hydra marketplace to facilitate many of its investments for its just-launched FitzRandolph Futures Fund LLC.
“We are pleased to have Witherspoon and FitzRandolph using the Hydra marketplace,” said Jon Stein, CEO of Kettera Strategies, which operates Hydra. “I have known the principals of Witherspoon for years. They are an A-team of allocators in this space and we are honored to work with them.”
Lee Gladden, Witherspoon’s founder and CEO, started Witherspoon in 2012, after more than 30 years in managed futures, including Director of Marketing and Product Development at Commodities Corporation (now Goldman Sachs Hedge Fund Strategies Group), and chairman and co-founder of Princeton Futures Inc. FitzRandolph Futures Fund is a multi-manager futures fund and launched in June with a $50 million seed investment from a family office.
“Hydra gave Witherspoon the access to the managers that we wanted for the FitzRandolph Fund as well as the transparency and liquidity we need to serve our investors,” said Mr. Gladden, Witherspoon founder, CEO and portfolio manager. “Hydra is an important solution for a major portion of our portfolio construction and allocation.”
Hydra is a global market platform providing investors with manager access, notional funding, daily transparency and twice monthly liquidity to established and emerging asset managers. With the recently announced additions of ADG Capital, AE Capital, and Quantitative Investment Management’s (QIM), Hydra now offers nearly 40 investment programs across a range of strategies.
About Witherspoon Asset Management
Witherspoon Asset Management LLC ("Witherspoon") focuses on providing differentiated managed futures investments for family offices and institutions by allocating to sector specialists as well as low cost trend following managers.
While most managed futures funds rely on trend-following strategies, Witherspoon’s innovative portfolio has substantial allocations to smaller managers, discretionary traders, and tactical specialists. With a management team of seasoned professionals, Witherspoon offers superior managed futures investments for individuals and institutions seeking portfolio diversification that delivers balance and consistency. http://witherspoonam.com/
About Hydra and Kettera Strategies
Kettera Strategies LLC owns and operates Hydra, the leading independent custody-based managed account platform. Kettera launched Hydra to provide institutional investors, family offices, wealth managers and high net worth investors with efficient access to global macro, FX, volatility and managed futures strategies.
Hydra allows investors to access single managers or create bespoke, multi-manager portfolios from an array of established and emerging managers. The platform is custody based and offers enhanced liquidity, partial funding and daily performance reporting.
Hydra is independent and objective, freeing it from conflicts of interests often associated with bank and brokerage based groups. Kettera is owned by management and outside investors, which include Lighthouse Investment Partners and several significant U.S. based family offices. http://www.ketterastrategies.com
Important Risk Information
The past performance of the Fund or any trading advisor associated with the Hydra marketplace is not necessarily indicative of the future results of either the Fund or the corresponding Hydra Cell. There is no guarantee or representation made that any Hydra Cell investment program, trading manager or investment product associated therewith will be successful.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.