Wednesday, 1 October 2014
Last updated 5 hours 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.
Sep 22 2014 | 4:15pm ET
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Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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