With heavyweights like Pacific Investment Management Company (PIMCO) throwing its hat into the managed futures mutual fund ring, interest from both investors and asset management in this investment vehicle appears to be rising.

On August 16, PIMCO filed a preliminary prospectus with the Securities and Exchange Commission, which calls for the mutual fund offering that "seeks absolute risk-adjusted returns." The PIMCO TRENDS Managed Futures Strategy Fund serves as the 42-year-old firm's new mutual fund in the space.

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