Wednesday, 27 August 2014
Last updated 5 hours ago
Nov 2 2007 | 11:14am ET
Irvine, Calif.-based Compak Asset Management has made the leap into alternatives with the launch of a commodity trading adviser.
Compak Alternatives Investments in June launched the Stock Index Option Writing Program with $2 million and has grown the product to some $9 million thanks to inflow from its asset management arm. The program, which primarily sells out-of-the-money options on the Standard & Poor’s 500 and Russell 2000 indices, is up 7.11% in its first four months of trading.
“We’ve been trading this strategy for a few years now but we institutionalized it as a CTA this June,’ said principal Javaid Ansari.
The program charges a 2.5% management fee and a 25% incentive fee. Its minimum investment requirement is $10,000.
Compak was founded in 1997 and currently manages some $750 million in total assets.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...