Tuesday, 21 October 2014
Last updated 3 hours ago
Nov 10 2011 | 10:33am ET
Paragon Capital Advisors is ready to ramp up its assets under management.
The New York-based hedge fund is set to open its flagship vehicle to institutional investors, hoping to boost assets from their current $20 million to an initial $100 million capacity, HFMWeek reports. Paragon plans to market its wares to a variety of institutional investors, including pensions, endowments, funds of hedge funds and family offices, as well as hedge fund seeders.
"We have proven for many years that we can outperform the market with less risk," managing director Kevin Pollack told HFM of the now six-year-old fund. "However, in this increasingly challenging fundraising environment, we are open to evaluating all alternatives with investors, including seeding arrangements."
Paragon, which started as a family office, focuses on U.S. and Chinese investments, although its mandate allows it to invest globally. The fund has managed a 30.16% average annualized return since its debut in October 2005.
Paragon charges 2% for management and 20% for performance, with a $250,000 minimum investment requirement. There is a one-year lockup for investors in the offshore version of the fund and a two-year lockup for the onshore fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...