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. 


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.