Ex-Citi, Goldman, NYMEX Execs Prep Multi-Strategy Hedge Fund

Oct 20 2006 | 8:30am ET

A new alternatives firm founded by a trio of Wall Street veterans is preparing to launch its first hedge fund, a multi-strategy offering, on Jan. 1.

New York-based Actium Capital Management was founded by Justin Brownhill, a former managing director in Citigroup’s equity department, David Solomon, formerly a Goldman Sachs executive, and ex-New York Mercantile Exchange Chairman Vincent Viola. The latter two already work together as managing partners of Beverly Hills, Calif.-based proprietary trading firm Madison Tyler.

According to Brownhill, the Actium Absolute Return Fund will invest in commodities, derivatives and equities, using quantitative and high-frequency strategies. The fund will invest with outside managers and use proprietary models, in addition to in-house managers, focusing on low risk, low volatility and beta-neutral returns.

“We are looking for the very best trading strategies, whether they are proprietary, in-house or external parties that fit our style and trading acumen,” Brownhill said.

Brownhill said the fund will charge “standard fees,” though he added that “some of the management fees might be a touch higher,” as the fund will be using extensive proprietary trading technology and risk management systems.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

FINalternatives Trending

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

New customer protection rules have landed: Are you ready?

The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.