Chicago Volatility Fund Opens To Outside After Double-Digit First Year

Apr 25 2012 | 1:35pm ET

With an impressive one-year track record, GalNet Asset Management is open for (outside) business.

The Chicago-based firm, which launched its maiden hedge fund last April, has opened that fund to outside investors. GalNet Alpha Fund currently has $50 million in assets, and returned 14.46% last year. The volatility arbitrage strategy is up 8.59% this year, HFMWeek reports.

GalNet Alpha is now open to outside investors; indeed, it's the first time since co-founder Kevin Galassini set up Vintage Capital, GalNet's predecessor fund, in 2001 that he's been looking for client money. Vintage was never marketed.

Galassini, who serves as the new firm's portfolio manager, is joined at GalNet by Barry Netszky.

GalNet has a capacity of $1 billion. It charges 1.8% for management and 25% for performance, and has a $1 million minimum investment requirement with a  soft one-year lockup.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.