R.J. O'Brien Unit Launches Multi-Manager Futures Fund; Diversified Fund To Be Managed Through Harmonic Investment Management, Inc.CHICAGO -- R.J. O'Brien and Associates, Inc. (RJO RJO Remote Job Output ), one of the oldest and largest futures commission merchants, announced today that its R.J. O'Brien Alternative Asset Management, Inc., subsidiary has launched a multi-manager managed futures Managed Futures In the context of hedge funds, a style of management that focuses on short-term trading in the futures market. fund. The fund's objective is to provide an investment solution that may enhance the return of a traditional portfolio composed of stocks and bonds, while seeking to reduce overall risk. The return profile is targeted to be non-correlated with traditional stock and bond investments, with an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. risk level of between 8 and 13 percent. R.J. O'Brien Alternative Asset Management, Inc., of Chicago, is the fund's General Partner and Harmonic Investment Management, Inc., of Memphis, Tenn., is the fund's investment manager. The new fund is one of four funds managed by Harmonic, with more than $275 million in alternative assets under management. R.J. O'Brien Alternative Asset Management, Inc. and Harmonic Investment Management, Inc. are wholly owned subsidiaries of R.J. O'Brien & Associates, Inc. "RJO's acquisition of Harmonic Investment Management is providing our customers with a wider variety of investment and risk-management opportunities," said Gerald Corcoran, Chief Executive Officer of RJO. "Through our latest offering, investors can access multiple global futures fund managers for access to diverse trading styles, markets and sectors." About R. J. O'Brien Founded in 1914, R.J. O'Brien is a privately owned Futures Commission Merchant (FCM FCM See: Futures commission merchant FCM See futures commission merchant (FCM). ), and one of the oldest and best-known independent futures brokerage firms in the industry. RJO is a founding member of the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. , a full clearing member of the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. , Commodity Exchange of New York and the New York Board of Trade. RJO offers the latest in order entry technology coupled with 24-hour execution and clearing on every futures exchange worldwide. RJO services a nationwide network of 200 introducing brokers and some of the world's largest financial, industrial and agricultural institutions. |
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