Sunday, 3 May 2015
Last updated 1 day ago
Jul 26 2007 | 11:33am ET
St. Thomas-based commodity trading advisor Drury Capital Management last month launched a systematic foreign exchange vehicle with $2 million in assets. The Drury Currency Strategy returned 1.28% in its first month of trading.
The fund trades currencies in developed and emerging economies representing all major economic regions, according to firm documents. Currencies are traded in pairs both against the U.S. dollar as well as cross rates. The program employs a mathematical algorithm that focuses on both the technical and term structure of the instruments traded.
The new offering charges a 2% management fee and 20% performance fee.
Bernard Drury founded the eponymous CTA in August 1992. Prior to striking out on his own, he worked as an analyst and trader in the grains market. In addition to the new strategy, Drury also manages the Diversified Trend Following, Financial Strategy and Multi-Strategy programs, and some $151 million in combined assets among the four programs.
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…