Monday, 20 April 2015
Last updated 7 hours ago
Feb 20 2007 | 1:30pm ET
Macquarie Funds Management SPC, a Caymans-based segregated portfolio company, last month launched two new hedge fund offerings, the Macquarie Asia Pacific Long/Short Segregated Portfolio and the Macquarie Dividend Velocity.
Macquarie Asia is a quantitatively driven long/short fund investing in the Asian pacific region, including Japan, and aims to maintain a market exposure of between 30-70%. The Macquarie Dividend velocity fund is a low-beta event driven fund, which also invests in the Asia pacific region.
“Our investment process systematically exploits opportunities across the Asia-Pac region using a broad range of quantitative, model-based strategies,” Scot Thompson, an equities product manager, told FINalternatives. “We seek alpha through our stock selection models while the portfolio's market exposure, or beta, is managed through our quantitative beta-tilt model.”
Thompson added that the final portfolio is constructed in the firm’s “proprietary optimizer,” and has a “strong emphasis on minimizing transaction costs, managing liquidity constraints, and ensuring a diversified set of long and short positions.”
Both funds charge fees of 1.8% for management and 20% for performance, with a $1 million minimum investment requirement.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…