Wednesday, 1 April 2015
Last updated 5 hours ago
Jun 6 2007 | 11:18am ET
Toronto-based Kings Crossing Capital last month added a short-term energy program and a long-term diversified futures program to its multi-strategy platform. The GTAA Program began trading last September with a currency program and was seeded with a US$100 million commitment from an unidentified currency fund of funds.
The short-term energy program trades natural gas, crude, sugar and corn futures, has an average holding period of less than four days, according to founder Richard Whelan. The program was funded with US$2 million by a large commodities fund of funds.
The long-term strategy was a product that the firm acquired from Mohammed Gharbawi, a former Abu Dhabi Investment Authority fund of funds manager. Gharbawi will “continue to contribute to the research activities” of the firm.
The long-term futures fund trades 25 products in currencies, equities, commodities and bonds, and has an average holding period of 60 days. “The product is very complementary to the programs we run in-house as it applies to a multi-strat portfolio,” said Whelan, adding that his goal is to build his firm into a “quantitative-based house.”
Going forward, Whelan also said that the firm will be adding equity-based long/short strategies to the platform within the next 18-24 months. In addition, he is expecting new inflows into the US$70 million platform at the end of this month, ramping its asset base to “well above US$100 million.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…