Ex-Superfunder Launches Hedge Fund

Dec 20 2012 | 9:45am ET

A veteran of retail managed-futures hedge fund Superfund has launched a managed futures fund of his own.

Aaron Smith's Pecora Capital is opening its doors to external investors, Reuters reports; Smith hopes to raise as much as $400 million for the quantitative vehicle, which will focus on currencies. Smith said the Swiss firm will differentiate itself by taking positions on macro events to determine how much each of its models is allocated.

For example, Smith said that Pecora is not favoring some currency pairs trades because of low volatility, instead increasing its exposure to counter-trend models. Among the fund's current trades is a short bet against Japan; Smith told Reuters that it is based on a "tactical view" on the country.

Smith served as a managing director at Superfund, spending time in both its U.S. and Singapore offices. Superfund's assets have fallen by almost half over the past two years, and its flagship strategy is down 8.2% this year.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note