Thursday, 23 October 2014
Last updated 4 hours ago
Jul 14 2014 | 9:21am ET
Fort Worth, TX-based hedge fund Browder Capital is expanding its operations to Florida.
The $11 million fund's 20-something founders, Patrick Browder and Robert Sunleaf, told the Dallas Morning News they would open a second office in the Tampa/St. Petersburg, Fla., area in mid-August.
Browder will move to Florida to establish the office, raise money and deal with clients.
“We want to grow in Texas. Florida is the next-best option,” he told the paper.
Founded in 2013, Browder Capital actively uses proprietary algorithms to guide its trading. The fund is structured as a separately managed account and carries a minimum investment of $50,000. The firm's management fee is based on investment size and there is no performance fee.
Browder Capital’s equity long/short fund returned 57.3%, net of fees, in 2013.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...