Thursday, 28 July 2016
Last updated 20 min ago
Sep 22 2010 | 12:49pm ET
Commodity trading adviser Lafayette Trading is the latest firm to succumb to the difficult fundraising environment.
The California firm will liquidate its fund after just over a year of managing money for outside investors, reports HFM Week.
The firm debuted about two years ago—founded by Money Management Group’s Todd Lorber, as well as Ken Jones, Ken Whitley and Ray Sebastian—managing proprietary capital.
Lafayette employed a proprietary, short-term, systematic technology to generate trade signals on equity index future contracts.
“Given the market environment, we thought it was the right time to cease operations,” Lorber told HFM Week.