Lake Shore adds protection to futures strategy

The Chicago-based exchange-traded futures fund manager is preparing a Far East strategy as well.

By Jame DiBiasio

April 10, 2006

Lake Shore Asset Management, a specialist manager of exchange-traded futures contracts, has secured partial principal protection for its US-focused strategy through Nomura Securities. The Chicago-based manager is now marketing the strategy with the principal-protected note to potential clients in the Asia-Pacific region through NewHaven Capital, a Hong Kong-based alternative-investment specialist.

The first note closes on May 1, postponed by a month due to strong demand out of Japan and other locations, says NewHaven Chairman David Humphreys. A major reason for Lake Shore to seek principal protection on its existing fund was to make it attractive to Asia-based investors, who now make up a negligible portion of Lake ShoreÆs investor base. Lake Shore...

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