Key Takeaways
- • iMGP DBi Managed Futures Fund launched January 25, 2023, offering hedge fund-style systematic futures investing in a UCITS-compliant structure with dual share class options (standard and ex-commodities versions) across multiple currencies and geographies.
- • Multiple share classes available with tiered fee structures: Institutional Class I shares in EUR and CHF with 0.75% management fees and ongoing charges, versus Retail Class C USD at 1.60% management fee and 1.94% ongoing charges, enabling scalable access for diverse investor bases.
- • ETF variant achieved €73 million in assets under management following its launch on March 7, 2025, with Paris listing (DBMF.PA) showing 52-week trading range of €98.05–€134.89 and YTD return of 8.40% as of April 2026.
- • Fund employs quantitative, dynamic, and tactical managed futures strategy using long and short positions across global futures contracts, designed as a diversifier to traditional stock and bond holdings with a recommended 5-year minimum investment horizon.
- • Broad geographic registration and infrastructure: Established as a Luxembourg SICAV under iM Global Partner Asset Management with sub-manager DBi LLC, custodied by Caceis Bank Luxembourg, and audited by PwC, with registration across 13 European markets plus Singapore.
Summary
The iMGP DBi Managed Futures Fund represents a regulated fund wrapper around the established DBi Managed Futures strategy, launched on January 25, 2023, as a Luxembourg SICAV under UCITS regulation. The product is managed by iM Global Partner Asset Management with DBi LLC serving as sub-manager, bringing institutional-grade infrastructure including Caceis Bank Luxembourg as custodian and PwC Luxembourg as auditor. The fund is available in two strategic variants: the standard iMGP DBi Managed Futures Fund and an ex-commodities version, each designed to serve different portfolio construction objectives.
The fund's strategy employs a quantitative, non-discretionary approach that uses dynamic and tactical positioning in global futures contracts across multiple asset classes. Rather than relying on macroeconomic forecasting, the strategy identifies durable sources of alpha through systematic trend-following models applied to price movements. The fund takes both long and short positions, enabling it to generate returns regardless of broader market direction—a characteristic positioning it as a portfolio diversifier to traditional equity and fixed-income holdings. The fund's risk/reward profile varies by investor domicile; EU investors see a SFDR Article 6 classification with an SRI Risk/Reward Profile of 4, while UK investors face a SRRI Risk/Reward Profile of 5.
The fund offers multiple share classes across major currencies—USD, EUR, GBP, and CHF—with tailored fee structures. Institutional Class I shares in EUR and CHF (launched January 27, 2023, and February 8, 2024, respectively) carry management fees of 0.75% and ongoing charges of 0.75%, targeting qualified investors. The Retail Class C USD share (launched August 14, 2023) carries a 1.60% maximum management fee and 1.94% ongoing charges. All classes employ a daily cutoff at 12:00 CET, with registration available across 13 jurisdictions including Austria, Switzerland, Germany, Denmark, Spain, Finland, France, the UK, Italy, Luxembourg, Norway, Portugal, Sweden, and Singapore.
The ETF variant (DBMF.PA, trading on Paris exchange) launched March 7, 2025, and accumulated €73 million in assets under management. Price data from April 2026 reflects a 52-week range of €98.05–€134.89 with a year-to-date return of 8.40%, demonstrating operational traction in the institutional marketplace. The fund's stated objective is long-term capital appreciation through a UCITS-compliant implementation designed to approximate returns achieved by alternative hedge funds while maintaining daily liquidity and regulated transparency.
The fund's strategy employs a quantitative, non-discretionary approach that uses dynamic and tactical positioning in global futures contracts across multiple asset classes. Rather than relying on macroeconomic forecasting, the strategy identifies durable sources of alpha through systematic trend-following models applied to price movements. The fund takes both long and short positions, enabling it to generate returns regardless of broader market direction—a characteristic positioning it as a portfolio diversifier to traditional equity and fixed-income holdings. The fund's risk/reward profile varies by investor domicile; EU investors see a SFDR Article 6 classification with an SRI Risk/Reward Profile of 4, while UK investors face a SRRI Risk/Reward Profile of 5.
The fund offers multiple share classes across major currencies—USD, EUR, GBP, and CHF—with tailored fee structures. Institutional Class I shares in EUR and CHF (launched January 27, 2023, and February 8, 2024, respectively) carry management fees of 0.75% and ongoing charges of 0.75%, targeting qualified investors. The Retail Class C USD share (launched August 14, 2023) carries a 1.60% maximum management fee and 1.94% ongoing charges. All classes employ a daily cutoff at 12:00 CET, with registration available across 13 jurisdictions including Austria, Switzerland, Germany, Denmark, Spain, Finland, France, the UK, Italy, Luxembourg, Norway, Portugal, Sweden, and Singapore.
The ETF variant (DBMF.PA, trading on Paris exchange) launched March 7, 2025, and accumulated €73 million in assets under management. Price data from April 2026 reflects a 52-week range of €98.05–€134.89 with a year-to-date return of 8.40%, demonstrating operational traction in the institutional marketplace. The fund's stated objective is long-term capital appreciation through a UCITS-compliant implementation designed to approximate returns achieved by alternative hedge funds while maintaining daily liquidity and regulated transparency.
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