Friday, 27 March 2015
Last updated 3 hours ago
Mar 14 2012 | 2:36pm ET
The Man Group has launched a quantitative commodities hedge fund with a capacity of $5 billion.
The new fund, part of Man's year-old Systematic Strategies unit, is managed by Scott Kerson. Kerson is a former trader at commodities hedge fund giant Ospraie Management and the infamous Amaranth Advisors.
Kerson employs "hedge fund techniques, but in a long-only product," MSS chief Sandy Rattray told Financial News. The fund aims to control drawdowns "and reduce them by about 20% compared to other passive commodity products," using algorithms Man has been building for 18 months.
Some of that technology comes from Man's flagship AHL strategy and is designed to quickly respond to volatility in the commodities markets.
Man has seeded the new fund with $50 million.
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…