Monday, 27 April 2015
Last updated 4 hours ago
Mar 26 2008 | 12:13pm ET
Rydex Investments has launched the Alternative Strategies Allocation Fund to bolster its portfolio of hedge fund strategies. The fund of hedge funds made its debut on March 7 and is currently managing some $3.7 million in assets.
The fund invests in a diversified portfolio of hedge funds and futures funds spanning the universe of absolute return, commodities, currency arbitrage, global macro, managed futures and real estate strategies, according to the firm. Investors in the new offering may also be exposed to exchange-traded notes, individual securities and money market instruments in volatile market conditions.
Rockville, Md.-based Rydex uses a quantitative investment methodology with input from current market data to allocate the fund’s assets across its underlying managers.
Rydex is headed by Mike Byrum, chief investment officer, Michael Dellapa, director of alternative investment strategies, Ryan Harder, senior portfolio manager, and Douglas Holmes, director of stock selection and asset allocation. Rydex was founded in 1993 and manages more than $16 billion in assets via more than 80 mutual funds and exchange-traded products.
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…