Feb 21 2008 | 2:16pm 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.
Jan 30 2018 | 9:49pm ET
As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...
May 24 2017 | 9:25pm ET
Starting in 2019, financial industry executives sitting for the coveted Chartered...
Feb 14 2018 | 9:57pm ET
Tasked with delivering returns on client capital, a common dilemma for many alternative...