Wednesday, 30 July 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…