As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 19 min ago
Feb 3 2010 | 10:03am ET
New York-based Stride Capital Group has just unveiled a partnership that will focus on providing capital and expertise to talented emerging hedge fund managers.
“The opportunity to build the next generation of high-performing investment firms is significant today,” said Don Rogers, founder and managing partner of the hedge fund seeding firm. “Market dynamics of this extreme occur once in a generation. Stride puts its capital and related resources behind emerging investment talent who will bring better alternatives to an industry demanding change.”
Rogers has 15 years of alternative investment and business building experience. Prior to Stride, he was a partner and founding team member of SkyBridge Capital, which successfully seeded eight start-up and emerging hedge funds in three countries during his tenure. Rogers has also been investing in emerging alternative managers since 1994 as co-founder and co-general partner of Rogers Investment Partners.
“Stride brings distinctive experience as an investor, owner and operator of alternative investment partnerships to this timely opportunity,” Rogers said.
Stride will invest in managers with up to $500 million in assets, emphasizing management independence and high operational standards. Stride will primarily focus on managers who invest in equity and debt securities, who can also short and use other hedging strategies.