Blackpool Launches Multi-Strat FoF

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.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.