Tuesday, 16 September 2014
Last updated 3 hours ago
Mar 31 2006 | 12:00am ET
Alternative investment firm Campbell & Company on Tuesday closed its Financial, Metals & Energy and Global Diversified portfolios to new investors. At the same time, the firm has announced it will no longer accept subscriptions to its other funds that employ these portfolios. However, current investors in the funds will be allowed to add to their positions.
Bruce Cleland, president and ceo, said the firm will continue to accept money in its flagship Multi-Strategy portfolio, which currently includes a 30% allocation to cash equities strategies and a 70% allocation to the same futures and currencies strategies that are included in the FME and Global Diversified portfolios, but in different proportions.
According to Cleland, the allocation to cash equities is expected to grow as the equity strategies mature and diversify.
Since November 2003 when the Multi Strategy portfolio began actively trading, it has delivered comparable returns to the FME and Global Diversified portfolios, but with 30% lower volatility.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?