Calif. Firm Launches Maiden Hedge Fund

Jan 4 2008 | 11:34am ET

After two decades of managing traditional equity strategies, Roxbury Capital Management has launched its first hedge fund.

The $3 billion Santa Monica, Calif.-based firm’s RQS Migration Fund, a quantitative long/short vehicle, debuted in September with $5.4 million in assets. The fund now manages about $8 million and has returned an estimated 11.1% in its first four months of trading, benchmarked against the Russell 3000 Index.

The fund is agnostic to capitalization, growth, value or sectors and uses a behavioral, quantitative model to predict demand shocks in stocks, which tend to be driven by analysts’ information, according to Jon Foust, head of marketing and client services.

“What we’ve heard from large hedge fund of funds players is that it’s different from any other quant model out there because it is based on behavioral dynamics in a given stock as opposed to fundamentals,” he said.

“From a placement standpoint, it can be very complementary in uncorrelated returns to the traditional quant funds that have gotten a black eye in the back half of 2007.”

The Migration Fund charges a 2% management fee and a 20% incentive fee, with a $1 million minimum investment requirement.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.