Thursday, 27 October 2016
Last updated 2 hours ago
Aug 13 2008 | 1:08am ET
New York-based Fusion Investments has launched the Gryphon Investment Fund, a global macro strategy, to look for opportunities in equities, currencies and fixed-income markets.
Half of Gryphon’s portfolio will use quantitative models based on fundamentals to indicate whether any given stock market, specific equity within a market, futures contract, currency, bond market or individual market sector presents investment opportunities, according to fund documents.
“When no markets show favorable risk/reward environments, then only fully hedged positions or market neutral short-term deposits in the stronger currencies will be invested in,” it said.
The $4 million fund, which launched in June, finished its first two months down 0.5%. Joe Dedona is the fund’s portfolio manager.
Gryphon charges a 2% management fee and a 20% incentive fee.
Fusion Investments currently manages some $20 million in long/short and long-only assets.