Monday, 20 October 2014
Last updated 7 hours ago
Jul 17 2007 | 10:12am ET
Utah-based Vision Capital Management has lofty goals for its 17-month old Global Futures fund. The firm recently hired third-party marketing firm R Capital Advisors to shop its $1 million fund to institutional investors, and raise some $100 million by July 2008.
Principal Dario Michalek said RCA initiated the talks with Vision to represent the firm and thinks institutional investors are finally getting their arms around managed-futures products. “Pension fund managers have become more comfortable with managed futures as a whole and view it as a good diversifier in their portfolios,” he said.
Specifically, Michalek is hoping that investors will embrace his Global Futures fund, which is on a roll. The diversified, systematic long/short futures strategy ended June up 3.94% and is up 27.21% year-to-date. Last year, it returned 25.15%, net of fees, to investors.
“We invest in a highly diversified global portfolio of futures markets through our systematic trading model exploiting long term trends,” he said. “We trade many foreign markets,” which make up about 70% of the portfolio, “including markets in Canada, Malaysia, Australia, New Zealand, China, Japan, Germany, Mexico, United Kingdom and South Africa.”
To further ramp up its operations, the firm has also hired Benjamin Rollings as executive vice president and chief operating officer, responsible for investor relations and operations as well as for the strategic development of the firm's marketing activities.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...