Tuesday, 2 September 2014
Last updated 3 days ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...