Wednesday, 6 May 2015
Last updated 15 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.
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…