Monday, 6 July 2015
Last updated 7 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…