Tuesday, 5 May 2015
Last updated 8 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.
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…