Saturday, 25 April 2015
Last updated 22 hours ago
Mar 6 2007 | 2:55pm ET
There’s no sophomore slump so far for Memphis, Tenn.-based Bolton Asset Management’s Terra Investment Partners fund, which has followed up its strong performance last year with a good start to 2007.
The multi-manager natural resource fund’s Series C, which launched last April, was up an estimated 14.95% in 2006 and has returned an estimated 2.99% year-to-date. The fund’s Series A and B, which both launched at the beginning of last year, have also fared well, returning an estimated 7.42% and 11.61% in 2006, respectively, and 2% and 1.95% in 2007, respectively.
"It is an excellent time and environment to be doing what BAM does–capturing opportunities in the world's commodity markets," said Russell Daws, vice president of sales and marketing. "The amazing advances in electronic trading, coupled with financial globalization have made commodities more acceptable, accessible, and transparent for investors seeking diversification and liquidity for their portfolios."
The fund’s Series A employs no leverage, while Series B is levered approximately two times. Its Series C employs a varying degree of leverage. Terra has a $250,000 minimum investment requirement with a management fee of between 1% and 2%, and a 15% performance fee. The fund currently manages $4 million in assets.
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…