The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 18 hours ago
Nov 14 2008 | 3:00am ET
There are actually new hedge funds that didn’t get hammered in September and October: San Francisco-based Quantum Pacific Investments’ long/short equity hedge fund, Quantum Pacific Tactical Equity Fund, netted 3.32% last month on top of its 3.26% return during its first two months of trading.
The fund, which currently manages $22.4 million in assets, is a statistical arbitrage vehicle that strives to be market-neutral, according to the firm. Its objective is to be fully-invested at all times in 100% liquid securities that are publicly-traded and marked-to-market, nightly. The firm emphasizes that its fund does not use a black box approach but seeks to sweep the over 15,000 publicly-traded securities that are traded on U.S. exchanges each day, including stocks, bonds, exchange-traded funds, mutual funds and closed-end funds.
“All trade decisions are done on an individual basis and trades are produced by hand,” said the firm.
The fund charges a 1.5 % management fee and a 20% incentive fee. Its minimum investment requirement is $250,000.
Controller Jeff Coddington said there are several variations of the firm’s tactical equity portfolio in the works, including long-only and short-only adaptations.
Quantum Pacific is the asset management arm of San Francisco Sentry Securities.