Thursday, 26 March 2015
Last updated 9 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…