Wednesday, 1 April 2015
Last updated 7 hours ago
May 15 2008 | 11:44am ET
Emerging hedge fund investor Magnum Global Investments has brought another manager into its fold. The firm has committed capital to the Yield Curve Opportunity Fund, an arbitrage strategy dubbed.
The fund, managed Peter Powers, a registered floor broker on the Chicago Board of Trade and a former vice-president in institutional fixed income at Dean Witter, focuses on discrepancies occurring along the U.S. Treasury yield curve, Hedgeweek reports.
YCOF invests in the Treasury futures market employing CBOT contracts and a proprietary model to identify discrepancies in the yield curve, comparing values of Treasury instruments of differing maturities to determine whether any particular instrument is comparatively undervalued or overvalued against others along the yield curve. Its arbitrage strategy includes the simultaneous sale and purchase of Treasury futures contracts, creating a spread among commonly traded Treasury notes and bonds.
According to Powers, the fund’s spread positions are utilized to arbitrage temporary yield curve discrepancies.
In its 32-month history, the fund has returned a monthly average of 3.06%, and has suffered only one monthly drawdown, of 3.68%.
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…