Monday, 30 November 2015
Last updated 2 days ago
May 16 2011 | 12:39pm ET
German hedge fund manager Aquila Capital has launched what it calls one of the first managed futures funds offering daily liquidity.
The AC Spectrum Fund, which debuted earlier this month with €75 million, will invest only 10% of its assets in swaps—a provision that allows it to give investors an out everyday.
The fund was designed by risk management expert and new Aquila hire Harry Kat, who told the Financial Times that he "spent the past three-and-a-half years concentrating on it."
Kat, a former professor at London's Cass Business School, added, "I have given up teaching. This is much more fun."
In addition to its swaps bets on commodities, the Spectrum Fund employs carry and correlation strategies. The fund invests exclusively in the "most liquid futures contracts," manager Jan Auspurg said.
"We didn't see any reason why we shouldn't offer daily liquidity."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…