Fifteen years after the launch of Tulip Trend Fund in 2003, Progressive Capital Partners has announced the expansion of its trend-following offering with a UCITS version of Tulip Trend Fund.

Both the original Tulip Trend Fund and the UCITS version are sub-advised by Transtrend, a Rotterdam based CTA. The underlying strategy is Transtrend’s Diversified Trend Program (DTP), a systematic medium-term trend-following trading strategy. Historically, the strategy has shown strong diversification benefits particularly in equity bear markets (crisis alpha).

The new Tulip Trend Fund UCITS is expected to have a volatility of approximately 15%, while the current Tulip Trend Fund (Cayman) is traded pursuant to 2 x the Enhanced Risk profile of Transtrend’s DTP with a historical volatility of around 28%.

Further details are available through this link