Thursday, 28 August 2014
Last updated 12 hours ago
Feb 1 2007 | 11:42am ET
Rio de Janeiro, Brazil-based ARX Capital Management has launched a Cayman Islands-based long/short class within its ARX Brazil Fund SPC.
The fund’s focus is on Brazilian equities, but is not limited to the region. Its strategy includes purchasing preferred shares and selling common shares of the same company, betting that the discount between the two will narrow.
“This is a distortion that happens a lot in Brazil,” said Pedro Sauer, who works on the firm’s trading desk. “We’ll also purchase and sell companies within the same sector to capture the alpha, while guarding against corrections within the sector.”
The fund is currently long in energies, banks and steel companies and is short on pulp and paper, and telecom mobile concerns. Its pair trades involve energies, steel and mining concerns, according to Sauer.
The new fund charges a 1.5% management fee and 20% performance fee, with a $100,000 minimum investment requirement.
ARX is also planning a launch of an equity long-only fund in second half of 2007, according to Sauer.
In other ARX news, the firm’s offshore multi-strategy class launched, which launched in July 2006, was up 11.47% in its first six months of trading. Its gains were made in inflation-linked bonds, equities and pair trades as well as in foreign exchange and commodities, according to Sauer.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...