Thursday, 2 October 2014
Last updated 13 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...