Thursday, 26 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…