Thursday, 27 November 2014
Last updated 16 hours 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…