Friday, 24 April 2015
Last updated 7 hours ago
May 9 2013 | 8:43am ET
Cleveland-based Empiritrage’s new flagship Quantitative Value fund is doing what few hedge funds are doing these days: beating the S&P 500.
Since it launched in November with a $20.6 million investment from a New York-based fund of funds, the Empirical Quantitative Value Series II fund has returned 22.46%. Over the same five-month period, the S&P 500 has returned 14.43%.
EQV is based on the strategies developed by Wesley Gray, a University of Chicago Finance Ph.D. and an assistant professor of finance at Drexel University.
These strategies are implemented via a managed account platform and tax-managed. The funds are designed to outperform competitor systematic value systems while maintaining a high degree of tax efficiency. Empiritrage charges a 0.95% management fee and no performance fee.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…