Aug 11 2006 | 12:00am ET
Tuono Corp.’s T-Circle Partners Fund, a hybrid managed account product offered to institutional investors, postponed the planned April 1 launch of the firm’s onshore vehicle, with executives now anticipating an early September launch (FINalternatives 2/17). However, on July 31, the Naples, Fla.-based firm went ahead with the launch of a similar offshore product that is open to non- U.S. investors.
Michael Billy, ceo, said the firm deferred the fund launch because of the three-year track record required by many institutional investors, which the firm passed in June.
Additionally, the firm had to overcome hurdles involved in transitioning from a retail managed account into an institutional hedge fund. Billy could not comment on the onshore fund because it is in the Security and Exchange Commission’s quiet period. The offshore offering, Tuono Circle Ltd., is based on an absolute return strategy that “creates or rebalances market participation in 16 different ways under one multistrategy process.”
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
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…