Welton Added to the FTSE Hedge CTA/Managed Futures Index
FOR IMMEDIATE RELEASE
CARMEL, CA – The Welton Global Directional Portfolio (GDP) has been selected to the FTSE Hedge CTA/Managed Futures Index, making GDP one of only a handful of programs comprising this investable index.
“We’re honored by FTSE’s selection,” said Christopher Keenan, Marketing and Strategic Planning for Welton. “The FTSE index is a great fit for GDP because we rigorously manage the program to adhere to its style class, and ‘style representativeness’ was naturally a key consideration for FTSE.”
Since inception in June 2004 through January 2008, the Welton GDP program has delivered +16.84% in average annual returns, and consistently outperformed benchmark indices like the Barclay CTA Index. Over this same time period, GDP has also maintained a low 0.10 daily correlation to the S&P 500 Index, which is an important measure of the program’s ability to enhance investors’ broader investment portfolios.
“FTSE Hedge provides a daily measure of the aggregate risk and return characteristics of the global universe of investable hedge funds. Constituent funds in the FTSE Hedge Indices must meet tightly defined quality, liquidity and capacity requirements, and Welton met these stringent criteria,” said Mark Makepeace, Chief Executive, FTSE Group.
Welton’s selection coincides with FTSE’s broader initiative to make the FTSE Hedge Fund Index product suite, which is comprised of eight different investable hedge fund strategy indices, the access point of choice for institutions seeking hedge fund exposure.
About Welton Investment Corporation
Welton Investment Corporation® is a hedge fund manager specializing in managed futures and global macro investment strategies. The firm’s investment philosophy relies on using scientific methods to uncover and harness recurring market drivers to generate long-term returns for its investors. Welton’s clients include financial institutions, private and public funds, fund of funds, family offices and high net worth individuals throughout the world. Founded in Northern California’s Silicon Valley, Welton® is an NFA member, and is registered as a CTA and CPO with the CFTC. As of 1/31/08, Welton managed approximately $358M.
About the Welton Global Directional Portfolio (GDP)
The Welton Global Directional Portfolio (GDP) strives to improve the risk-adjusted returns of investors’ existing portfolios. To accomplish this, GDP seeks to preserve the noncorrelated traits of the managed futures style class while also delivering composite-like, top-tier performance.
THE INFORMATION CONTAINED HEREIN IS INTENDED FOR QUALIFIED ELIGIBLE CLIENTS AS DEFINED IN CFTC REGULATION 4.7. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY INVESTOR WILL OR IS LIKELY TO ACHIEVE SIMILAR RESULTS. FUTURES, FORWARD AND OPTION TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.