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.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…