Ritchie Capital Vet Launches Global Macro Hedge Fund

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of