Thursday, 30 June 2016
Last updated 7 hours ago
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.