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

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.