Tuesday, 21 April 2015
Last updated 50 min ago
Mar 27 2012 | 9:23am ET
The Hilltop Core Select Fund, a UK-based fund of hedge funds, was up an estimated 1.17% in February.
Hilltop’s portfolio manager, Rory Hills, added three new funds this month, all pure alpha, one with a minority macro element. Twelve of the funds in the portfolio were up in February, by an average of 17bps while six were down by an average of 9bps.
Hills says he intends to add another four pure alpha funds within the next two months as part of planned changes outlined in September and October 211.
The fund has also revised a small estimated net loss for January into a final flat net return. The fund ended 2011 up 1.3% and 2010 up 3.6%.
Although Hilltop occasionally invests in managers operating in “unconventional markets,” the Core Select Fund focuses chiefly on managers “operating mainstream markets but in unusual and/or distinctive ways.” Its current allocations include 27% equities, 19% volatility, 17% mortgages, 15% credit, 5% commodities, 5% fixed income, 2% multi-asset and 10% cash.
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…