Thursday, 5 March 2015
Last updated 35 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…