Integra Makes FX Offering

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of