Wednesday, 25 November 2015
Last updated 1 hour ago
Jul 28 2006 | 4:43pm ET
Potomac Portfolios has launched three onshore funds-of-funds that invest with commodity trading advisors and foreign exchange managers. According to Thomas Lott, president of Potomac, investors in the new offerings can select from the three multi-strategy investment programs depending on their appetite for leverage, volatility and returns.
Lott said the offerings are targeted at institutional investors, ranging from those seeking bond-like returns at bond-like volatility, to more aggressive investors seeking higher returns by elevating trading exposure among advisors.
The new offerings are the first funds-of-funds being offered by the firm, which has been running managed accounts for the past seven years. In addition to the new onshore funds, the firm is planning to rollout a similar offshore series of funds by year-end.
The minimum investment in the new funds is $1 million, and fees are 1% for management and 10% for performance. There are no redemption or subscription fees, nor is there a lockup period.
Columbus Avenue Consulting is administering the funds, legal counsel will be provided by Kirkpatrick & Lockhart Nicholson Graham, and the auditor is Deloitte & Touche.
Washington, D.C.-based Potomac Portfolios is a registered Commodity Trading Advisor and Commodity Pool Operator.
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…