Thursday, 30 October 2014
Last updated 57 sec ago
Jul 15 2010 | 11:05am ET
A Colorado hedge fund has unveiled its maiden vehicle after building a nearly three-year track record.
Implied Capital opened its Volatility Risk Premium Fund to outside investors. The $10 million fund employs a market-neutral strategy and invests in liquid, exchange-traded options and futures, HFMWeek reports.
The Boulder-based firm is marketing the fund, which it launched with internal capital in late 2007, to family offices, endowments, foundations and funds of hedge funds. The fund has returned 11.98% this year, following an impressive 32.18% return last year.
Implied Capital hopes to raise $100 million for the Volatility Risk fund, which is also available through a managed account. The fund, managed by firm founder and Florida State University finance professor James Doran, has a $1 billion capacity.
The fund charges 2% for management and 20% for performance, with a $1 million minimum investment requirement. It features quarterly liquidity following a one-year lockup.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.