Fla. Firm Unveils First Hedge Fund 'Series'

Mar 30 2011 | 9:47am ET

Florida's Lucre Capital has announced an ambitious plan to create several "series" of hedge funds.

The firm, founded by high-frequency trading veteran Noah Lieske, has already launched its first series, the Market Making & Operation Series, HFMWeek reports. The liquid, market-neutral offering will do just what it says, focusing on market-making to different liquidity pools.

Lucre plans to add short-term algorithmic spot foreign exchange and statistical arbitrage series in the future. The firm specializes in spot forex trading.

In addition to the first series, Lucre has also launched an emerging manager seeding program. The firm will focus on high-alpha algorithmic trading hedge funds.

The market-making series charges no management fee but takes 50% of profits. There is a $500,000 minimum investment requirement with daily liquidity. Rabobank serves as prime broker.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...