Thursday, 25 December 2014
Last updated 1 day ago
Mar 30 2012 | 12:45pm ET
Tradex Global Advisors plans to bring its two-year-old liquid fund of hedge funds onshore.
The Connecticut firm will unveil the Tradex Global Liquid 50 onshore fund within the next two months, HFMWeek reports. Like the offshore fund it will mirror, the Tradex Global SPC Limited-The Liquid 50 Segregated Portfolio, the new fund will invest in liquid strategies, whose managers aggregate their securities monthly to verify said liquidity. The new fund, which has a $300 million capacity, will invest in about 30 underlying managers.
Tradex launched the offshore Liquid 50 fund in late 2009. The fund returned 0.3% last year.
The new fund will have a $100,000 minimum investment requirement with monthly liquidity. It will charge 1.5% for management and 15% for performance.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.