Wednesday, 1 April 2015
Last updated 8 hours ago
Jun 28 2007 | 10:57am ET
F&C Alternative Investments is raising money for its F&C Garnet Fund, which launched last November with capital from existing F&C investors. The fund, which invests in the foreign exchange volatility and forward rate-bias space, is now targeting institutional investors, funds of hedge funds and other investors.
Garnet is part of F&C's Gemstone hedge fund range and is managed by Stephen Dolbear. Its strategy portfolio concentrates on capturing the varying risk premiums embedded in FX volatility and forward rate bias positions.
“There are many participants in the FX options arena and past history indicates that there has been a tendency for options to be slightly expensive,” said Dolbear. “Our fund buys and sells volatility instruments to profit from temporary anomalies.”
The Garnet Fund is listed in Dublin, Ireland, and requires a minimum investment of €500,000 (US$672,000). Its management fee is 1.5% and its performance fee is 20% with a high water mark.
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…