Thursday, 25 December 2014
Last updated 15 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.