Mar 31 2006 | 12:14pm ET
Beacon Rock Capital Partners is revving up to launch its second hedge fund, the Beacon Rock Capital Downside Capture Fund, which is a short-only vehicle.
"Short funds are structured to make money when the market goes down, but generally have problems when the market goes up," said Trevor Taylor, chief investment officer, "but we want to provide investors with a vehicle that will prosper when the market goes down, but not lose money or very little when the market goes up. This can only be achieved with options."
The new fund, which Taylor and Blake Singer, president of the firm, expect to launch in early summer with $10 million in assets under management, will employ the same systems and models utilized in the firm's existing fund —the Beacon Rock Capital Fund —in which the managers trade options on broad equity indices, sector-specific indices and commodity-related indices.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…