The AC Spectrum fund is a liquid futures fund, which is Ucits compliant and one of the first of its kind to offer daily liquidity.
Aquila said the fund is a fully systemic trend follower that targets a return of 18% to 20% per year with 15% volatility.
The fund was launched in Germany in May and returned 9.88% in August, with returns of 9.44% since inception.
Its strategies have been developed by the Aquila Capital Quant Team headed by Prof. Harry M Kat who recently joined the company.
The manager of the fund is Dr Jan Auspurg who has previously worked for Salomon Brothers/Citigroup, Bankers Trust and JP Morgan.
Trend following is supplemented with two additional strategies that are negatively correlated to it in order to create a more stable return stream over time.
