Wednesday, 30 July 2014
Last updated 9 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…