Thursday, 25 December 2014
Last updated 1 day ago
Feb 14 2007 | 1:02pm ET
Resolute Capital Growth, a British Virgin Islands-based foreign exchange futures fund, is looking for third-party marketers to jumpstart the vehicle, expected to launch next month with about $10 million in assets.
The fund invests in forex and futures using arbitrage techniques, taking into consideration three major markets: spot currencies, currencies futures and LIBOR interest rates futures, and analyzes the reaction and correlation of these markets by following the changes in the LIBOR interest rate trend, according to firm documents.
Interest rate movements trigger the fund's trade entry in the futures and spot markets, and the positions are kept open for several months, enabling the fund to "extract a maximum benefit from long-term interest rate fluctuations," acccording to the firm.
A group of directors including Benedicta Samuels, a BVI native and principal of the legal practice of Samuels Richardson & Co., Carlo Scevola, a CTA and founder of international consulting firm Carlo Scevola & Partners, and Ivan Marandola, vice president of Carlo Scevola & Partners and an economic advisor to the Zambian government, licensed the fund in August 2006. Scevola established the investment strategies for the fund, which is utilizing U.K.-based Westminster Capital Management as its investment advisor.
The new offering charges a 2% management and 25% performance fee, with a US$100,000 minimum investment requirement.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.