High-Frequency Hedge Firm Offers First Hedge Fund

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.