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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note