Friday, 19 December 2014
Last updated 1 hour ago
May 7 2007 | 10:11am ET
Boca Raton, Fla.-based Integra Investment Management last month launched the Integra FX2 Master Fund, which trades major currency pairs, with $10 million in proprietary capital.
The fund was created to compliment Integra's flagship global macro fund, Integra Master Fund, and to fulfill investor requests for a foreign exchange-only product, according to the firm. FX2 follows the same trading methodology as its predecessor fund, trading major currency pairs already traded in the flagship fund as well as a limited number of additional currency pairs. Richard Scalone, Integra’s founder, is the fund’s portfolio manager.
Integra's flagship fund trades the OTC FX in the major currency pairs as well as the fixed-income markets and the Standard & Poor’s 500 via the futures markets.
The new offering charges fees of 2% management fee and 20% performance fee, with a $500,000 minimum investment requirement.
Scalone, a former ABN Amro futures prop trader, founded Integra in 1999. The firm currently manages some $645 million in total assets.
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.