Tuesday, 30 September 2014
Last updated 1 hour ago
Jun 11 2012 | 1:49am ET
Hedge fund RA Capital Management is opening up, and has added some marketing firepower to double its assets—or more.
The Boston-based firm hired Michael Calore to market its long/short equity Healthcare Fund for the first time. The decade-old offering, which focuses on small-cap biotechnology and life sciences companies, currently manages $230 million, but RA hopes to actively raise $100 million, leaving room to organically grow to $500 million to $700 million. The fund was initially launched as the private fund of Rich Aldrich, who was a founding member of Cambridge, Ma.-based Vertex Pharmaceuticals.
Calore is to target family offices, funds of hedge funds and small- and mid-sized institutional investors. It has a $2 million minimum investment requirement with a one-year soft lockup and charges 2% for management and 20% for performance.
RA, which was co-founded by Peter Kolchinsky, is making things as easy for Calore as possible. The fund is up 19% this year and returned 14% last year.
Calore worked at Brighton House Associates before joining RA.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.