Saturday, 1 August 2015
Last updated 1 day ago
Feb 1 2007 | 12:30pm ET
New York-based Traunche Capital Advisors has launched its first hedge fund.
The Traunche Global Micro Fund began trading last night on the Hong Kong market, according to founder Evan Vaughn, with $7 million in initial capital. The firm’s plans for the new fund were first reported in FINalternatives (Dec. 7, 2006).
Vaughn says that while the fund is primarily a global long/short offering, he also uses currencies and options. “It focuses on generally smaller- and mid-cap equities, using a top-down approach where there’s a macroeconomic inefficiency in the market,” he says.
The fund charges a 1.5% management fee and 20% performance fee, with a $250,000 minimum investment requirement.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…