Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Monday, 5 December 2016
Last updated 2 days ago
Jan 7 2009 | 9:51am ET
Winnipeg, Canada-based Rival Capital Management has launched the Rival North American RRSP Growth Fund, which will invest in the firm’s flagship Rival North American Growth Fund.
The long/short Rival North American Growth Fund invests in small and mid-cap growth stocks listed in Canada and the U.S. and is managed by CIO Tony Warzel.
The $14.9 million fund lost 7.6% last year through November compared to the 48.6% loss by its benchmark, BMO Nesbitt Burns Canadian Small-cap Index.
“Since mid-September, we have avoided much of the mayhem of the market by having a preponderance of short positions,” said Warzel. “We were short American high-end consumer discretionary stocks, though we have covered most of those positions now. The combination of shorts, some good longs and the stops have given us relatively strong performance.”
Rival Capital was founded in 2006.