Wednesday, 1 April 2015
Last updated 4 hours ago
Jun 15 2007 | 10:36am ET
Peter Hansen’s recently launched Comprehensive program is attracting quite a following among its existing investors. The Victor Niederhoffer protégé in January launched the diversified futures strategy with $11.5 million and has nearly tripled its assets under management, which stood at $33 million as of the end of May.
“Most of our existing individual customers from our Managed Account program moved their assets to the Comprehensive program,” said Hansen. “Existing customers have been happy with our performance so far and have increased their accounts.”
Both programs are short-term systems trading the same markets, the only difference being the inclusion of a currency system that Hansen recently developed, which is trading only in the Comprehensive program. Through May, the Comprehensive program is up 7.51%. The Managed Account program, which has a track record dating back to April 1994, was down 3.59% last year.
“This year has been a better environment for us than 2006,” said Hansen. “It’s been choppy, which for a lot of CTAs is bad but for us is good. There were strong directional moves in metals and in grains last year and those tend to hurt us since we have a lot of reversals and mean reversion in our techniques.”
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…