Monday, 30 November 2015
Last updated 2 days ago
Jan 11 2008 | 1:00am ET
After 13 years, DEC Capital is making a few changes to its Futures Fund. The Lincoln, Neb.-based commodity trading advisor is renaming its agriculture-focused fund the World Grain & Oilseeds Fund and handing over the reigns to new sub-advisor Dicken Commodities.
DEC founder Douglas Carper will provide the “intellectual capital” to the fund while Dicken will be solely responsible for determining trade size and concentration, and all other execution and risk management practices for the fund. “We’re still a growth vehicle focused on agricultural futures and options, but we’ve restructured the fund with lower costs and a new advisor,” said Carper.
Dicken’s historical performance is less volatile than that of the fund, although DEC intends to authorize it to trade the fund with up to two-times leverage. Last year, the $4.9 million fund lost 3.1% through the end of November, according to public databases.
DEC also manages a $14.6 million Commodity Alternatives program, which gained 6.58% last year through December.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…