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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...