Monday, 20 October 2014
Last updated 2 days ago
Sep 29 2008 | 2:00am ET
Oakbrook, Ill.-based Blackpool Capital Management has launched a multi-strategy fund of funds to provide investors with “extreme consistency with no market correlation.”
The Blackpool Absolute Return Fund debuted in May and has returned 3.79% through August, according to Michael Resnick, partner. Resnick said the offering is on pace to return will approximately 4.65% through September. The fund is currently invested in seven underlying managers and manages some $ 7.6 million in assets.
The fund currently has exposure to several types of lending hedge funds, some currency trading managers, statistical arbitrage and some volatility arbitrage managers.
“We are always looking for new managers who bring in consistent returns with minimal volatility,” says Resnick.
Resnick added that the new offering is a carve-out of the firm’s Blackpool Partners Fund, which began trading in January 2000 and currently manages $13 million.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...