Saturday, 28 March 2015
Last updated 22 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.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…