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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...