CTA Lafayette Victimized By Fundraising Troubles

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note