Sunday, 3 May 2015
Last updated 2 days ago
Jul 8 2008 | 3:52am ET
U.K.-based Eddington Capital Management in May launched the Eddington Equity Opportunities Fund, an equity-related fund of funds.
The fund focuses on equity-related strategies and typically invests in eight to 12 managers across a number of asset classes, including cash equities; exchange-traded funds; single stock derivatives; equity index derivatives and equity-linked instruments. The fund incorporates a mix of long- and short-biased exposures and is diversified across region and market cap and employs no additional leverage beyond that used by the underlying managers.
Equity Opportunities returned 2.74% in its first month of trading. Its best performers included a directional index futures strategy, which profited from long exposure during the market upswings in the second and fourth weeks of the month, and a commodity-focused equity fund, which recovered sharply from losses in March and April, according to the firm.
“The only significant loser was our Asian manager, who suffered from both stock-specific issues and also the general malaise surrounding Greater China markets in the wake of the Sichuan earthquake, inflation concerns and more general worries about over-valuation,” it said.
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…