Tuesday, 5 May 2015
Last updated 10 hours ago
Aug 15 2012 | 10:29am ET
Greenwich, Conn.-based Tradex Global Advisors says its multi-strategy fund of hedge funds has beaten single-strategy funds through July 2012.
Tradex’s Original Segregated Portfolio has gained 3.92% year to date compared to the 2.88% gain of the average single-strategy fund, as measured by the HFRI Fund Weighted Composite Index.
The Tradex fund of funds has also outperformed its peers, as measured by the HFRI Fund of Funds Composite Index, which is up only 1.75% through July.
Established in 2005, the Original Segregated Portfolio is currently focused on the housing recovery within the RMBS, CMBS and mortgage derivative sectors as well as in niche equity strategies. Tradex also focuses on smaller hedge funds in the belief they tend to produce higher rates of alpha. The firm also stresses the importance of liquidity and says that 83% of the underlying securities currently in the portfolio can be liquidated within 30 days.
Tradex Global separately manages the Liquid 50 Portfolio, up 0.56% YTD and the Liquid Real Estate Portfolio, up 7.15% YTD, which represents the carved-out real-estate exposure within the Original Segregated Portfolio. Tradex is actively marketing the Liquid Real Estate Portfolio to be opened as a stand-alone fund.
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…