Friday, 22 August 2014
Last updated 10 min ago
May 25 2010 | 10:00am ET
Ascentia Capital Partners has tapped hedge fund Armored Wolf as the fifth subadviser to its mutual fund of hedge funds, and is now looking for two more.
The hedge fund and mutual fund firm picked California-based Armored Wolf to handle the global macro portfolio for its $35 million Alternative Strategies Mutual Fund. Now, the firm is looking to hand out mandates for merger arbitrage and long/short, Mutual Fund Wire reports.
Stephen McCarty, chief compliance officer at Ascentia, said the firm’s search for the merger arb. manager was “pretty far along” while the search for a long/short manager was “in the third or fourth inning.” But he did say that the firm was still accepting candidates for both mandates.
There is one big catch: Ascentia won’t hire a manager that charges performance fees.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note