Monday, 22 December 2014
Last updated 2 hours ago
Jul 20 2007 | 10:53am ET
Boston-based Independence Investments has launched a pair of 130/30 strategies for the institutional market.
The new strategies, dubbed the Long/Short 130/30 U.S. Mid-Capitalization Core and Long/Short 130/30 U.S. Large Capitalization Value, have already attracted an unnamed Los Angeles-based investor, according to the firm. Independence also manages a 130/30 U.S. large cap core portfolio, which launched last September, for the same L.A. firm.
Independence’s strategies maintain 100% net market exposure and generally include 125 to 175 long positions and 40 to 80 short positions, with holdings diversified by sector and industry, and active risk concentrated in stock selection, according to the firm.
“Our long/short 130/30 approaches are enhanced versions of our existing strategies and by eliminating long-only constraints we are able to make better use of all the information in our proprietary valuation models,” said Mark Lapman, the firm’s CEO.
Independence Investments was founded in 1982 and currently manages approximately $7 billion in active U.S. equity strategies.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.