Wednesday, 1 October 2014
Last updated 11 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...