Winton lowers leverage for futures focused fund

Winton Capital Management is to launch a low volatility fund focusing on commodity and financial futures early next year. It will target fund of fund managers and institutional investors seeking lower leverage than is featured in Winton's other fund and managed account programmes.

Duncan Brown, business development analyst at Winton, said the fund's strategy will mirror Winton's flagship portfolio, the Winton Futures Fund. The firm's managed futures programme, with $226m under management, made 1