Philly Wealth Advisory Firm Launches 130/30 Strategy

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.


In Depth

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.