Tuesday, 31 March 2015
Last updated 3 hours ago
Oct 14 2008 | 1:39am ET
During times of uncertainty and high volatility, one Boston-based hedge fund is trying to live up to its name with a new offering designed to capture higher returns than government or blue-chip corporate bonds while, at the same time having less volatility than equity funds.
Minuteman Capital Management has launched its Minuteman Income Fund, which writes out-of-the-money put options on undervalued stocks to generate profits.
When the fund does exercise its options, it purchases the underlying stocks at bargain prices and realizes significant gains as the stocks return to fair value, according to fund documents.
The fund is targeting 11% annual returns with half the volatility of the Standard & Poor’s 500 Index.
Earlier this year the rookie hedge fund shop launched its eponymous long/short offering investing in a diversified portfolio of those undervalued stocks. However, the fund has met the same fate as many of its brethren, dropping 7% through September.
Minuteman Capital was founded by Calvin Wilder, a former equity analyst at hedge fund Media Group Investments. Wilder also founded Thrive Networks, an IT outsourcing company, and sold it to Staples.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…