Texada Pushes Long/Short Equity Fund

Mar 26 2008 | 12:48pm ET

Jackson, Wyo.-based Texada Capital is ramping up marketing for its 10-month old global equity long/short hedge fund.

The $11 million Nashuk Partners fund launched last June and is down 1.2% year-to-date, according to Christopher Dean, member.

The bulk of Nashuk’s allocation is to publicly-traded U.S. and international securities and holding companies while the remaining balance is invested in closed-end funds, royalty and unit trusts, exchange-traded funds and other managers.

The portfolio manager for the fund is Carlo Cannell, founder of Cannell Capital, a $500 million equity hedge fund shop. Texada, which was founded last year by Cannell, also manages four insurance dedicated funds in a series structure. All told, the firm currently manages $12 million in total assets.

Nashuk Partners charges a 0.75% management fee and a 12% performance fee.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note