Calif. Asset Manager Opens CTA

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...