Friday, 27 March 2015
Last updated 2 hours ago
Dec 10 2007 | 7:55am ET
New York-based Thor Asset Management is launching a double leveraged version of its $193 Million flagship statistical offshore arbitrage vehicle, the Thor Optima Fund. The new fund will start trading in early January and will offer weekly liquidity with no lockup period.
Thor Asset Management is a $240 million hedge fund shop that specializes in quantitative, high frequency and contrarian trading strategies. According to the firm, the Thor Optima Fund has returned over 16% on an annualized basis with a standard deviation of around 5% since inception in June 2004, and is up 9.88% year to date through November.
The new fund will target returns of 20% to 25%, with 10% to 15% volatility. It will charge a 3% management fee and a 20% performance fee and there will be a $100,000 minimum investment requirement.
Founded in 2000, Thor Asset Management is headed by CEO Peter Kambolin and director of research Alexei Chekhlov.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…