Friday, 27 March 2015
Last updated 21 min ago
Sep 24 2007 | 12:03pm ET
Joining the crowd, Philadelphia Investment Partners is prepping its first 130/30 product with some $25 million in initial assets.
The New Generation Fund, set to launch next month, will encompass large-cap, small-cap and international equities, according to founder Peter Zeuli. “We’ve been managing money for quite a while now and we’re finally turning a process into a product,” he said. “We run models right now based on an asset allocation process and we’ve been running our models since 1998. The fund is unique in that it is a global asset allocation model comprising of about 50% large-cap equities, 25% small-cap equities and international equities, as well as derivatives, structured products, and an option strategy overlay.”
Zeuli, who formerly managed the long/short hedge fund Sheffield Capital Management, is looking to raise $500 million for his new offering from individual and institutional investors. “The anticipation has been terrific on the institutional side because the color has come out of the market lately in terms of highly leveraged products and I think when they look at something like this it’ll be more conservative.”
The New Generation Fund, which is benchmarked to the Standard & Poor’s 500, will charge 1.5% for management and 20% for performance with a $500,000 minimum.
Zeuli founded Philadelphia Investment Partners, based in the City of Brotherly Love, in 1999. The firm is currently managing some $100 million in total assets.
Mar 9 2015 | 6:35am ET
As 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…
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…