Thursday, 30 June 2016
Last updated 10 hours ago
Jan 26 2007 | 3:39pm ET
Clearwater, Fla.-based Emory Capital Management’s Emory Partners LP fund ended 2006 up 10.83% with $100 million under management. The fund is a futures options arbitrage strategy based on the S&P 500.
“We’re seeking to find over-priced options and sell those at the same time buying under-priced options, and just that alone will make us about 10% if the market isn’t doing anything,” said Dustin Kicinski, Emory’s head trader. “We can do much better when there is volatility and the market is moving lower.”
The fund charges fees of 1/20 with a $250,000 minimum investment requirement. It is currently managing $100 million in assets. The firm was founded in 1993 by Darrell Malick.