Tuesday, 29 July 2014
Last updated 14 min ago
Feb 12 2013 | 1:22pm ET
Philadelphia-based Persimmon Capital Management has launched a mutual fund of hedge fund strategies.
The new Persimmon Long/Short Fund debuted with $25 million in assets and six subadvisors. The underlying managers are M.A. Weatherbie & Co., Sonica Capital, Open Field Capital, Caerus Global Investors, Turner Investments and ISF Management.
"Our experience strongly suggests that long/short equity can be a compelling complement or alternative to traditional equities in an asset allocation model," CEO Greg Horn, one of the new fund's three portfolio managers, said. "Short-selling has the ability to offer a return source and risk-management tool that is unavailable to long-only equity managers."
The new fund has two share classes, a retail class with a $2,500 minimum investment requirement and an institutional class with a $100,000 minimum investment requirement.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…