Sunday, 3 May 2015
Last updated 2 days ago
Mar 16 2007 | 12:28pm ET
Ascendant Asset Advisors has launched its JLDeVore Elite Trading program, trading options in multiple futures markets, and in its first two months, it has delivered. Since its January debut, the program is up 17.54%.
Elite, which trades the same markets as but has a higher minimum investment requirement than its predecessor Strategic 1 and Strategic 2 options programs, opened to investors to by invitation only, according to founder Payam Pedram. It managed seven accounts, with some $2 million in assets, at the end of last month.
The Strategic 1 and 2 programs have also enjoyed strong starts to the year, up 9.38% and 17.19%, respectively. “Our trading programs have been very successful in such a volatile market and this reflects our strategy,” said Pedram.
Elite charges no management fee and a 50% performance fee, with a $500,000 minimum investment requirment. Ascendant currently manages some $22 million in total assets.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…