Saturday, 22 November 2014
Last updated 1 day 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...