Saturday, 23 May 2015
Last updated 10 hours ago
Feb 21 2008 | 1:16pm ET
Tuono Corp., a Naples, Fla.-based commodity trading advisor, is adding a pair of futures funds. The firm this month launched the Alpha Energy Fund, and is prepping an equities and commodities fund for launch later this year.
The Alpha Energy Fund is a multi-strategy offering that trades in the energy complex employing discretionary strategies and multiple time frames, according to Tyler Wood, CEO.
“The fund has seven traders and we’re scaling it up to 10 traders,” he said.
Alpha Energy currently has $3 million in commitments and has an initial target of $10 million. It charges a 1% management fee and a 10% incentive fee, with a $100,000 minimum investment requirement.
Tuono has also begun trading an Absolute Return Series that it may offer to outside investor by year-end. The strategy is trading several different components of the Dviersified Trend Indicator of the Standard & Poor’s 500 Index, according to Wood.
“You’ve got equities and commodities futures mixed in this indicator and several of those components are being traded,” he said.
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…