Monday, 30 March 2015
Last updated 5 hours ago
Apr 17 2008 | 2:00am ET
Boca Raton, Fla.-based Haar Capital Management last month launched its third discretionary futures product for an insitutional investor, offering exposure to agricultural commodities, energies and metals.
Unfortunately, the firm’s newly launched Tangible Commodity program caught abrupt price reversals in commodity markets during the month when crude oil dropped 4.5% and gold fell 5.9% in one day. It finished its first month down 1.79% with $9.8 million in assets under management.
In general, agricultural traders lost 3.51% in March and discretionary traders were down 0.91%, according to the Barclay CTA Index.
Founder Stanley Haar said the program trades the same markets as its flagship predecessor, the $48.6 million Discretionary Commodity Trading program, without the financials sectors.
“There was an institutional investor who was in the Ag-only program but wanted exposure to energies and metals as an option for some of their other clients so that’s the reason why we launched that,” he said.
Haar also manages the $13.7 million Discretionary Ag Trading program, which launched in December and is down 0.2% year-to-date.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…