Sep 8 2006 | 8:45am ET
Marriott Affiliated Capital Partners of Alpine, Utah, is gearing up to launch its latest offering, a long-short fund, later this year. Todd Draney, managing partner of Marriott, said the new offering will be similar to his 32-month-old Ensign Fund, but with less volatility.
“[The Ensign Fund] exploits inefficiencies in markets that are provided by stock style dispersion,” he explained “The new fund is the same model as the Ensign Fund, but it has another trading layer over top which should smooth out the performance curve a little bit.”
The fund, which has yet to be named, will average approximately 40 long and 30 short positions, and it will invest across all sectors and market capitalizations.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…