Friday, 27 November 2015
Last updated 1 day 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.
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…