New Hedge Fund Will 'Do The Right Thing'

Jan 31 2012 | 5:54pm ET

Two firms have joined forces to launch a new hedge fund that seeks to do well by doing good.

The Do The Right Thing fund will invest in companies and market sectors dealing with hunger, thirst and disease, as well as in clean energy, HFMWeek reports. In addition, the fund, which will have long fixed-income, options selling and position trading portfolios, will also donate part of its fees to charity.

The fund is the brainchild of California-based Herron Capital Management and Britain's Interbank Trading Technologies. It will launch within the next two to three months.

"We believe that investors can dictate the tempo of providing real solutions for our world's problems by investing in new technologies designed to move humanity forward," portfolio manager Michael Herron told HFM.

In addition to any returns, investors will get to choose which charities get a piece of the fund's fees—and a tax deduction, to boot. The fund offers a capital guarantee and minimum rate of return.

Do The Right Thing has a $25,000 minimum investment requirement and $2 billion capacity, with a five-year lockup for investors who choose the capital guarantee and no lockup for those who forego it. It will charge 1.5% for management and 25% for performance.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.