Pardo Plans Managed Futures Fund Of Funds

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, 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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…