Sunday, 31 August 2014
Last updated 1 day ago
Jun 30 2011 | 1:29pm ET
Doherty Advisors is set to offer investors interested in both its flagship and its new tail-risk fund a one-stop shop.
The New York-based volatility arbitrage firm is set to launch a new managed account program combining the two funds at the beginning of next month, HFMWeek reports. KBD Relative Value Plus will be available in both an onshore and offshore version and is expected to debut with $45 million from family offices and funds of hedge funds.
Those investors will get a piece of both Doherty's gamma-neutral KBD Relative Value Volatility Strategy and its long-gamma Grey Swan Equity Hedge Strategy, which launched last year. The latter fund invests in long put and put spreads on Standard & Poor's 500 Index options. The firm's flagship is up 0.6% this year through May.
The new managed account platform, which has a $1.5 billion capacity, will offer monthly liquidity with no lockup. It will charge 2% for management and 20% for performance with a $1 million minimum investment requirement. Barclays Capital and Newedge will serve as prime brokers.
Doherty has $414 million in total assets, including $338 million in its flagship.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...