Saturday, 23 August 2014
Last updated 1 day ago
Feb 14 2011 | 12:35pm ET
Chicago-based Pardo Financial Group, a subsidiary of the CTA Pardo Capital, has launched a multi-advisor managed futures fund, the Pardo Strategic Alpha Fund.
The fund, managed by Pardo founder Bob Pardo, targets annual returns between 15% and 25%, with a current capacity of $2 billion, according to earlier reports in HedgeCo.net.
Pardo Financial says the new fund will allocate assets across unique systematic CTA strategies implemented on multiple time frames and applied to over 40 liquid markets worldwide. These strategies include trend following, counter-trend, intra market spreads, pattern recognition and volatility arbitrage.
“Managed futures have recently stepped into the spotlight among alternative investments demonstrating their potential to deliver superior returns, even during periods of volatility, political uncertainty and poor performance in bond and equity markets,” said Pardo. “Futures may provide direct access to global macroeconomic trends, from commodities to currencies and stock indices.
Pardo Capital Limited, established in 1996, reported 2010 annual return of 25% from its flagship XT99 Diversified trading program.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note