Friday, 28 November 2014
Last updated 9 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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