Saturday, 30 August 2014
Last updated 1 day ago
Sep 16 2008 | 8:19am ET
Don’t mistake this hedge fund for a pizza chain. New York-based Pappajohn Financial Holdings has rolled out a macro vehicle that looks to exploit opportunities in multiple asset classes.
The Pappajohn Capital Partners Fund invests in directional and relative value volatilities across liquid fixed-income, foreign exchange, equity and commodity markets, according to fund documents. It will invest its proceeds in the firm’s master fund, which employs the same strategy.
In its first four months of trading, the Pappajohn fund is down 1.46% through August. It is benchmarked against the Standard & Poor’s 500.
The fund charges a 2% management fee and a 20% incentive with a $1 million minimum investment requirement. It also has a one-year lockup period.
Pappajohn was founded by Greg Pappajohn, who most recently served as global macro portfolio manager for Vara Capital Management from 2006 through 2007 and for Ritchie Capital Management from 2003 to 2005. Prior to that, Pappajohn spent three years at Bear Stearns, where he managed a portfolio of high-grade corporate bonds.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...