Macquarie Professional Series is developing a new fund similar to the Winton Global Alpha Fund, but with a capital protection component.
The Winton Global Alpha Fund is part of Macquarie's stable of managers in its professional series.
The open-ended fund invests in managed futures and adopts an active long-short style of investing.
Macquarie is looking at developing a similar fund, but it will include capital protection and will be a closed-end fund.
"We have been talking with a number of dealer groups who liked the fund but wanted a capital protection component built in," Macquarie Professional Series head Megan Aubrey said.
The fund was currently in the development phase with Macquarie Global Investors and investment manager Winton Capital Management.
The capital protection fund would either feed through the fund or directly through to the investment manager, Aubrey said.
The Winton Global Alpha Fund has $169 million in funds under management.
