Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…