Thursday, 28 May 2015
Last updated 3 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…