Chicago, February 25, 2005 - R.J. OâBrien and Associates, Inc. (RJO), one of the oldest and largest futures commission merchants, announced today that its R.J. OâBrien Alternative Asset Management, Inc., subsidiary has launched a multi-manager managed futures fund.
The fundâs 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 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. OâBrien Alternative Asset Management, Inc. and Harmonic Investment Management, Inc. are wholly owned subsidiaries of R.J. OâBrien & Associates, Inc.
"RJOâs 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."