Wednesday, 23 July 2014
Last updated 16 min ago
Jun 9 2010 | 8:24am ET
Portland, Ore.-based Bandon Capital Management has launched a long-short equity strategy aimed at retail investors.
The strategy—Bandon Hedged Equity—seeks to provide exposure to domestic equity markets while at the same time hedging against a decline in the markets.
“As we reviewed the products available to non-accredited investors, we realized there was an opportunity to create a high-quality hedged equity strategy based on institutional alternative investment manager research, that could combine the benefits of a low minimum investment, daily liquidity, full transparency, and 1099 tax reporting without the issues associated with typical alternative investment partnerships," said Bill Woodruff, founder and president of the alternative investment firm.
Like the firm's previous offering—the Directional Interest Rate Strategy—the Hedged Equity strategy targets the mass affluent and small institutional investors, and is offered as a separately managed account, a unified managed account or in sub-advisory relationships. The minimum investment is $50,000.
“There were natural reasons to create the strategy but the launch could not be more timely based on market conditions as well as investor and advisor demand for tactical strategies," said Woodruff. "We’ve been managing accounts in this strategy since November of last year and our returns year-to-date through the end of May have been positive, 8.03% versus -2.31% for the S&P 500."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…