Sunday, 31 August 2014
Last updated 1 day ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...