Thursday, 18 December 2014
Last updated 15 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.