Friday, 19 December 2014
Last updated 1 min ago
Apr 13 2011 | 1:12pm ET
A new hedge fund firm focused on high-frequency trading has launched its maiden offering.
Gibraltar-based HFT Capital Management's Evolution Growth Fund will do exactly what its general partners' name promises, making thousands of trades every day in the foreign exchange and futures markets. The fund, nearly four years in the works, is designed to be relatively low-risk, and trades will be made manually, meaning that HFT Capital will not be impacted by proposed new rules limiting automated flash trading.
Romy Jardine, the fund's chief investment officer, told HFMWeek that Evolution Growth was designed "as a client-focused ethical fund," featuring no lockup, a 6% performance fee hurdle, no management fee at all and redemptions with just one week's notice.
Evolution Growth also has a €100,000 minimum investment requirement. It has been seeded with internal capital, and has a €300 million capacity.
HFT plans to launch several other versions of the strategy, with varying risk levels, over the next few months.
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.