Wednesday, 3 September 2014
Last updated 12 hours ago
Mar 5 2007 | 10:20am ET
Chappaqua, N.Y.-based Greenbriar Forecast is launching a B share class of its Greenbriar Global Management Fund, which trades only G-7 currencies, sometime within the next few weeks. The new Greenbriar Leveraged Class employs twice the fund’s current leverage, according to principal Franco Marsico.
“We have an incredible amount of people coming in from Asia and Europe to see us,” said Marsico.
Marsico hopes the new share class will enjoy the same success as the Global Management Fund has so far, up 12.19% net of fees last year and currently managing $100 million. The Greenbriar Leveraged Class charges a 2% management fee and 30% performance fee, with a minimum investment requirement of $100,000.
Marsico has been bearish on the euro and bullish on the dollar, and remains so, but he is skeptical about the yen’s perceived strengthening beyond ¥114 to the dollar. “The Asian individuals continue to buy euros and I think the market, because Japan is raising rates, has fallen into a trap thinking the yen will strengthen, and if it does strengthen, it’ll be short-lived,” predicts Marsico. “We think the euro is mispriced according to our model and we see a major dollar rally, especially against the euro, as we approach the U.S. elections.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...