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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of