Vision Capital Sees Healthy Returns In 06’

Jan 29 2007 | 1:01pm ET

Springville, Utah-based Vision Capital Management’s VCM Global Futures program finished its first 11 months of trading up 27.05%.

The program, a diversified, systematic, long/short futures strategy, made gains in all sectors traded last year. The metals and grains sectors attributed to most of the profits, according to principal Dario Michalek. 

“We use price and time to determine entries and exits and what’s unique about us is that we’re only in each market about 50% of the time so we avoid a lot of the chop and trade ranges,” said Michalek.
 
The program does not charge a management fee and the performance fee is 20%, with a $100,000 minimum for a fund structure, Vision Capital Partners LP, and a $250,000 minimum a managed account.
 
Before launching the fund last year, Michalek served as a portfolio manager for Mapleton Capital Management, a long/short equity fund. 


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...