Tuesday, 21 October 2014
Last updated 19 min ago
Mar 8 2007 | 10:59am ET
Niagara Capital Partners and Friedberg Mercantile Group have partnered up to launch the Niagara/Friedberg Global-Macro Fund, a Caymans-based feeder fund, with an investment of US$18.5 million from a Canadian pension fund.This brings assets in the master fund, the Friedberg Global-Macro Hedge Fund, to $255 million.
The feeder fund will accept subscriptions from tax-exempt Canadian and U.S. institutional investors as well as non-North American investors.
The Friedberg master fund allocates capital to a variety of strategies including global fixed income, long-short U.S. equities, currencies, and commodities and financial futures. Since inception in December 2001, the fund has achieved a 12.98% compounded rate of return, according to the firm.
The master fund charges fees of 2/20 with a $250,000 minimum investment requirement.
Niagara Capital offers investments in alternative strategies managed under an exclusive agreement with FMG. In addition to its role with the Friedberg Global Macro Hedge Fund Ltd. and its feeders, the firm has been incubating a fund of commodity trading advisors.
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 ...