Vision Capital Sees Global Futures

Nov 14 2008 | 1:00am ET

Utah-based Vision Capital Management recently launched its Global Futures 2x Fund. The fund returned 11.5% in its first month of trading and about 50% last month.

This month, the fund is up about 10% as of Nov. 10, according to principal Dario Michalek. However, the firm’s predecessor Global Futures Fund hasn’t fared as well this year, dropping 25%.

“The original fund had some difficult months in July and August of this year mainly due to the swift reversals across all commodities which we were fully invested in,” he said. “Our new program does a much better job at controlling drawdowns and volatility while maintaining the same level of returns.”

The fund charges 2% for management and 20% for performance.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR