Pardo Launches Multi-Advisor Managed Futures Vehicle

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. 

 


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of