Monday, 20 October 2014
Last updated 3 hours ago
Jun 11 2010 | 10:52am ET
New Jersey-based IPOfn Capital Management this month unveiled a new long-short hedge fund, the IPOfn New Issues Fund, as well as its offshore counterpart.
The funds are being co-managed by David Menlow, a media commentator for the new issues market and founder of IPOFinancial.com, and Christopher Martino, a former Barclays executive and fund manager at INCM.
The new funds are long-short equity vehicles that will focus on current IPOs and secondary issues along with existing IPOs that have come to the market within the last five years. Their core investment portfolio will be composed of securities selected through a bottom-up stock selection based on proprietary fundamental research and in-depth financial analysis.
According to a statement from the firm, "IPOs are a sub-sector of the equity market and have their own unique set of reactive trading properties. It is the fund’s intent to take advantage of these characteristics to generate high absolute returns while minimizing volatility, and seek to preserve capital through diversification across a wide spectrum of sectors."
IPOfn Capital Management utilizes Sadis & Goldberg for legal, Rothstein & Kass as auditors, Columbus Avenue Consulting as administrators, and Goldman Sachs as custodian.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...