Wednesday, 6 May 2015
Last updated 19 hours ago
Jun 29 2011 | 11:05am ET
GSA Capital Partners has made a new quantitative managed futures fund a part of its comeback plans.
The London-based firm, which manages more than US$1 billion, launched the vehicle last month. The GSA Quantitative Futures Fund debuted with $110 million in assets under management and returned 0.07% during its first month, HFMWeek reports.
The new fund invests in more than 70 liquid futures contracts on over 20 global exchanges, as well as in currency forwards and the most liquid stocks trading in Europe and North America.
The launch of the multi-strategy managed futures fund comes a year after CEO Joseph Novarro resigned amidst disagreements with founder Jonathan Hiscock. GSA, which was spun out from Deutsche Bank six years ago, once managed US$2.5 billion but was inundated with redemptions in 2008 and has struggled to rebuild its assets under management since then.
The Quantitative fund charges 2% for management and 20% for performance, and features a $1 million minimum investment requirement.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…