Saturday, 30 August 2014
Last updated 1 day ago
Mar 29 2007 | 11:55am ET
Rusty Cannon, who spent the last 10 years in the brokerage industry as a portfolio manager and financial advisor for Smith Barney Citigroup and Merrill Lynch, is launching the RKC Matador Fund, an equity long/short vehicle.
According to Cannon, the fund will invest in companies across all market caps, employing the point and figure methodology along with relative strength analysis. “The fund is tactically flexible, meaning it could be anywhere from 150% long to net short, depending on indicators that I watch, so it’s not going to be a static long/short fund,” Cannon says. The new offering will start trading on April 1 with $1 million.
The RKC Matador Fund charges a 1% management fee and 20% performance fee, with a 6% annual hurdle rate and $250,000 minimum investment requirement.
Cannon plans to follow up the long/short fund with the launch in May of the RKC Matador Market Neutral Fund. That offering will have the same strategy as its predecessor fund for picking longs, but will pair its long positions with short positions in the corresponding sector ETF to “try and capture the outperformance of that stock over and above the ETF from the sector,” Cannon says, adding that the goal for the fund will be low volatility and absolute returns.
Cannon, who is currently looking for seed capital for both funds, says that while investors have been receptive to his story, it has been difficult. “I hope to separate myself from the pack as time goes along, however, I’m just another long/short manager and there are thousands of others.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...