Friday, 19 September 2014
Last updated 5 hours ago
Sep 12 2008 | 2:00am ET
Randy Brotman, a Schonfeld Securities Trading Group alumnus, has founded Brotman Capital Management and launched an eponymous market-timing hedge fund during the worst year for hedge funds in over a decade.
The fund, Boca Raton, Fla.-based Brotman Capital Partners, began trading in January and employs a trend-timing model that dictates when it should be long, short or stay in cash. Through August, the fund is up 14%, net of fees.
Even though most market observers are leery of market-timers, Brotman says his results speak for themselves.
“We are very pleased with our performance and we never use margin to enhance our results,” said Brotman.
The fund has a $100,000 minimum investment and charges a 2% management fee and a 20% incentive fee.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.