Monday, 28 July 2014
Last updated 38 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…