Wednesday, 1 April 2015
Last updated 7 hours ago
Mar 5 2012 | 3:43am ET
A former JPMorgan Chase trader will make his first foray into hedge funds later this month.
Noel Thompson, formerly vice president for global futures trading at JPMorgan, will launch his Thompson Global Partners on March 26. The commodities-heavy global macro fund will debut with $50 million in initial assets and boasts a capacity of $1 billion. The firm is based in New York.
"The market dynamics right now lend themselves to a global macro situation where I feel there are tremendous themes that we can capitalize on, due to the market being a flowchart of global capital," Thompson told HFMWeek.
Thompson Global will put 30% of its assets into commodities, with an equal amount in stocks and exchange-traded funds. It will invest 20% of its assets in foreign exchange and 20% in emerging market bonds and commercial mortgage-backed securities.
Thompson Global will charge 1.5% for management and 20% for performance, with better terms for early investors in a founder's share class. There will be a $500,000 minimum investment requirement with a one-year lockup.
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…