Wednesday, 1 April 2015
Last updated 2 hours ago
Dec 15 2011 | 1:48pm ET
A Texas real-estate investor is giving hedge funds a try.
Daniel Dower has founded Texas Business Strategies in Dallas and has launched his maiden hedge fund, a concentrated, long-biased large-cap strategy. The Stanchion Fund, whose strategy Dower has tested in several separately managed accounts, will hold between 12 and 25 positions in just five to 10 companies, HFMWeek reports.
The hedge fund was seeded by TBS and a high-net worth investor. Dower, formerly CFO at private real-estate fund Chi Investment Corp., hopes to raise $5 million for the fund next year.
"We find that the low-debt multinationals are well-positioned to tap into growth in emerging markets," Dower told HFM. "Many managers focus on attempting to gain information advantages on small-caps, but we believe we achieve superior returns with much less risk in the large-cap space by using active management based on relative fundamental analysis."
Stanchion charges 1% for management and no performance fee. There is a $25,000 minimum investment and no lock-up.
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…