Tuesday, 21 October 2014
Last updated 49 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...