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, 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.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of