Friday, 27 November 2015
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…