Monday, 30 November 2015
Last updated 2 days ago
May 21 2010 | 10:14am ET
Pardo Financial Group is readying a fund of commodity trading advisors, with big plans for the new vehicle.
The firm will launch its Pardo Strategic Alpha Fund later this month, HedgeCo.net reports. The fund, managed by Pardo founder Bob Pardo, is targeting annual returns of between 15% and 25%, with a current capacity of $2 billion. That capacity can grow as Pardo allocates to additional managed futures funds.
Pardo is trumpeting the fund’s due diligence process, which aims to keep volatility between 10% and 15%. The fund is investing in several strategies, including trend-followers, counter-trend, pattern recognition, option volatility arbitrage and intramarket spreads across 40 futures exchanges, according to HedgeCo., using quantitative and qualitative screening processes.
All of the managers the fund has selected are 100% systematic and have at least a 6-year track record with non-correlating strategies.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…