Thursday, 28 August 2014
Last updated 4 hours ago
May 14 2010 | 1:17am ET
A pair of HHR Asset Management veterans is set to launch their own hedge fund in July.
Alloy Capital will soft-launch its eponymous maiden fund with $50 million ahead of a hard-launch in November. The fund, the brainchild of former HHR analysts Katie Procter and Dale Geurts, was seeded by HHR founder Edward Hintz, HFMWeek reports.
The New York-based firm will have a portfolio of between 20 and 40 long bets and between 15 and 80 shorts. About two-thirds of its assets will be invested in the U.S. The Alloy Fund will not have a specific sector or style focus.
“We have come together to combine a fundamental research-driven process with a constant awareness of macro economic conditions to balance our twin goals of capital preservation and fund performance,” Procter, the fund’s manager, said.
Alloy will charge 1.5% for management and 20% for performance. There will be a $1 million minimum investment, with quarterly liquidity.
UBS will serve as the fund’s prime broker.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...