Pugliese Capital Shops New Diversified Program

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.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.