Thursday, 2 October 2014
Last updated 38 min ago
Jun 20 2007 | 8:31am ET
Janu Subramanian, principal of Woodside, NY-based Jai Guru Capital Management, is looking to offer investors a non-directional take on the equities market. Subramanian is launching the Jai Guru Dynamically Weighted Global Equity program next month, which leverages inter-market volatility and dynamic weighting to produce non-directional alpha.
“What we do is weight parts of the portfolio and we keep changing these weights so it is not directional,” explained Subramanian. “Entry point is not so important as much as the relative weights of various parts of the portfolio. The alpha is primarily from portfolio weighting. We don’t think about our portfolio as longs and shorts. We think about it as a bunch of positions and optimal weightings at that moment.”
Subramanian’s motivation behind the product launched stemmed from what he perceives as the lack of alpha in the hedge fund industry. “What was considered as alpha before is disappearing and a lot of the traditional hedge fund strategies are becoming beta, which can be replicated using indices like HFR, so investors need something totally different,” he said.
The program charges a 2% management fee and a 20% incentive fee.
Prior to founding Jai Guru Capital Management in 2002, Subramanian was head of quantitative finance at Integral Development Corporation. From 2004-2005, he managed the Jai Guru Futures Select program, which uses change in fractal dimension to make selective bets on the short-term movements of various futures markets.
Oct 2 2014 | 9:16am ET
Gregory Barrett is a principal at Dyal Capital Partners, which takes minority equity stakes in established hedge fund managers—those with assets under management of $1.5 billion to $6 billion. 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…
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