Products March 12, 2010

Nautical Capital Management Introduces Commodity-Based Funds

Nautical Capital Management LLC has launched its commodity-based absolute return strategies.
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The firm, an asset management company specializing in the development and management of diversified commodity portfolios, offers both systematic and discretionary absolute return and enhanced index strategies. A press release said the commodity strategies, which are targeted to fund of funds, family offices, institutional investors, and endowments, are intended to be the most diversified, comprehensive, and tailored commodities funds offered anywhere in the world.

“[W]hen you think of commodities we want investors to think of Nautical Capital Management. Our robust product suite allows institutional investors one stop shopping if they are interested in investing in this diverse asset class,” said David Henritze, CEO of Nautical Capital Management, in the announcement.

Nautical Capital began managing partner capital in December and has already secured a $20 million commitment to launch two exchange-traded funds (ETFs). The two products, scheduled for the second quarter of 2010, are listed hedge fund strategies systematically trading crude oil and natural gas.

Products March 12, 2010

Eaton Vance Plans Actively-Managed ETFs

Eaton Vance Management has filed an application with the Securities and Exchange Commission (SEC) to create and operate five actively-managed exchange-traded funds (ETFs).
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According to the application, the Eaton Vance Enhanced Short Maturity ETF and the Eaton Vance Prime Limited Maturity ETF will invest at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities (U.S.-dollar denominated investment grade debt securities), which may be represented by forwards.

The Eaton Vance Government Limited Maturity ETF will invest at least 80% of its assets in a diversified portfolio of fixed income securities that are issued or guaranteed by the U.S. Government, its agencies, or government sponsored enterprises.

The application said the Eaton Vance Intermediate Municipal Bond ETF and the Eaton Vance Short Term Municipal Bond ETF seek tax-exempt income by investing at least 80% of assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax. The funds may only invest in U.S. dollar-denominated investment grade debt securities.

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