Saturday, 25 April 2015
Last updated 18 hours ago
Dec 3 2010 | 11:00am ET
Frontier Capital Management is set to launch its second vehicle, a fund of managed futures hedge funds.
The new FrontEdge Managed Futures Fund will allocate to about 20 underlying managers. It will debut with $40 million in initial assets, but the firm hopes it will grow to $60 million by the end of the year.
"The inclusion of managed futures in either traditional equity/bond or more diversified portfolios has been shown to improve risk-adjusted returns, and is one of the most liquid absolute return stategies," Frontier founder Michael Azlen said.
The new fund is managed by Marc-Phillipe Davis and Alex Gaitain. It is available in U.S. dollar and pound Sterling share classes and via the Trasact and Nucleus platforms. There is a $100,000 minimum investment.
Frontier Capital currently has some $600 million in assets under management.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…