Saturday, 30 August 2014
Last updated 1 day 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.
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 ...