25/01/2012 Author: Kirstie Brewer

Horizon Cash Management to expand European business 

Horizon Cash Management, a third party cash management firm, is looking to build out its European business, a decision driven largely by high activity levels in the managed futures space.

There were almost 100 new managed futures fund launches in 2010 and 2011, according to Barclayhedge, though the CTA Index fell just over 3% last year.       

“A key driver of our European plans is the increasing success and popularity of CTAs or managed futures managers,” Pauline Modjeski, Horizon’s CEO said.

“Horizon has a particular expertise in this area arising from the fact that managed futures regularly require the holding of a higher proportion of cash than other alternative investment strategies. We have upwards of 70 separate managed accounts but recent growth in numbers has been largely from the US and we’re actively looking to expand this number by reflecting the strength of the European sector.”