Monday, 25 May 2015
Last updated 2 days ago
Jul 20 2007 | 10:50am ET
Wilkes-Barre, Pa.-based commodity trading advisor Pugliese Capital Management is seeking seed capital for its new Diversified program.
The program trades a range of global futures markets including metals, energies, currency futures, interest rates and equity indices. Its typical holding period is one to three days.
“Basically, we can trade anything we want as a diversified product, and it’ll trade anywhere from 12 to 20 instruments at a time,” said Frank Carey, director of client services. “It’s about 95% systematic and 5% discretionary.”
Pugliese Capital currently trades the Foreign Exchange Program, an intra-day G-7 currency program, which has returned 52% on an annualized basis since inception in June 2004, according to public databases. Carey said the firm wanted to offer a product that appeals more to inevstors’ appetites for less risk and more diversification. “One of the things that we saw were investors wanting lower volatility and more spreads to the market. We’re hoping the Diversified product diversifies not only what it offers to investors but the overall firm as well,” he said.
He added that the firm has set up meetings with a few interested investors but has nothing concrete in terms of actual dollars committed.
The program is currently offered in managed account format with a $100,000 minimum investment requirement and charges 2% for management and 20% for performance.
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…