Friday, 31 October 2014
Last updated 31 sec 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.