Monday, 20 October 2014
Last updated 40 min ago
Sep 27 2010 | 8:22am ET
New York-based Catalyst Partners Management is gearing up to launch its first hedge fund next month.
The new vehicle, the Catalyst Partners Fund, will employ a long/short equity strategy and utilize algorithmic and low-latency trading techniques to achieve the best possible prices, according to founder and portfolio manager Ward Corbett.
“The fund's investment style primarily follows a quantitative systematic approach to build a broad and diversified market neutral portfolio," Corbett told FINalternatives. "We use a proprietary multi-factor econometric model to determine individual stock alpha estimates. The model incorporates both fundamental as well as technical factors in analyzing the most liquid U.S.-listed and over-the-counter U.S. equities. We create reduced volatility and stable returns by managing risk through measurement, management, and control.”
Corbett expects to raise $100 million for the fund in its first year, and says that with the firm's institutional infrastructure it can manage up to $1 billion of assets.
Catalyst will target high-net-worth individuals and institutional investors. The fund charges fees of 1.5% for management and 20% for performance.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...