SocGen Launches Financial Fund Through Trading Management Arm
FUNDS
Société Générale has raised money for a new financial futures fund, mainly comprised of currencies, to be run by its trading management arm, Société Générale Fimat Trading Management (SGFTM).
With more than $327 million raised by its SocGen parent through the sale of FFr2 billion five-year medium-term notes, SGFTM has divided the money between ten commodity trading advisors (CTAs) that run either currency-only programs or that invest heavily in FX.
Chicago-based SGFTM is a 50/50 partnership
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