Sunday, 19 April 2015
Last updated 16 hours ago
Jan 14 2008 | 12:04pm ET
Chappaqua, N.Y.-based Greenbriar Forecast is looking to give its investors exposure to more than just currencies. The $50 million commodity trading adviser last month launched the Global Diversified program, which ended its first month of trading up 2.66%.
The $4 million program trades G7 and related currencies in line with its predecessor offering, the FX-only program, as well as the most liquid futures contracts, including stock indices, interest rates and commodities. The firm uses a short-term technical mode, which provides a series of trade recommendations designed to take advantage of reversals within trending markets “without ignoring the larger picture,” according to founder Franco Marsico.
“Our focus will be on steady, stable returns with shallow drawdowns, but now in a diverse set of equally liquid markets, most of which enjoy higher levels of price volatility than is available in the G7 currencies,” said Marsico.
The new program charges a 2% management fee and a 20% incentive fee with a $1 million minimum investment requirement.
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…