Tuesday, 31 March 2015
Last updated 11 hours ago
Jan 20 2011 | 10:43am ET
While the average hedge fund indices were bested by the broader markets in 2010, Welton Investment Corporation outperformed both of them. The firm’s flagship Global Directional Portfolio returned 18.31% last year, while the S&P 500 Index returned 12.78%, the HFRX Global Hedge Fund Index returned only 4.75% and the Barclay CTA Index gained a mere 6.34%.
According to the firm, the 2010 investment landscape was dominated by two major global macro themes, declining interest rates due to quantitative easing and escalating commodity prices. The Global Directional Portfolio, which manages $549 million, capitalized on the surge in prices for risky assets through long positions across a diverse group of agricultural, energy and metals futures. Sovereign quantitative easing initiatives around the world drove down interest rates in the first three-quarters of 2010 and the portfolio harnessed this opportunity through long positions across government fixed income futures.
“Our performance isn’t reliant on the whims of the broader markets because our approach simply won’t allow it. We’re too diversified, plus we’re mining many investment opportunities that are not widely followed,” said Patrick Welton, chief executive officer of Carmel, California-based Welton.
Welton Global Directional Portfolio has annualized returns since inception in 2004 of 14.34%. During that period. All of the portfolio’s calendar year returns since 2004 have been positive, with the exception of 2009 when the portfolio was down 5.57%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…