Colo. Firm Offers Maiden Fund On Rocky Mountain High

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.

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