Wednesday, 30 July 2014
Last updated 3 hours ago
Dec 21 2007 | 10:18am ET
Signal Miltch Quantitative has launched a new managed account program, dubbed SMQ Turbo, based on an equities and exchange traded funds-only portfolio model.
The black box trading program will take trading positions across three time horizons simultaneously, and typically be 50% long and 50% short in mid-to-large cap U.S. equities with the remaining balance in global commodity or currency-based exchange-traded funds. The account’s trading positions have a maximum exposure of typically no more than 1% of the overall account size in any one position.
The program has no lock-up period or management fee requirements and offers daily account access and transparency. “From the investors’ perspective, it’s great because there is complete transparency and 24/7 access to accounts and instant liquidity,” said Shane Rodgers, founder of Signal Capital Management.
Signal Miltch, a joint venture between New York-based Signal Capital and Los Angeles-based Miltch Capital Management, is currently marketing its new product to high net worth individuals and family offices. The minimum investment is $1 million and it charges a 2% management fee and a 20% incentive fee. RBC Capital Markets serves as the program’s prime broker.
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…