Friday, 22 May 2015
Last updated 4 hours ago
Feb 3 2009 | 9:35am ET
Fund of hedge funds shop International Asset Management has launched the IAM Trading Fund with more than US$100 million in assets.
The fund will invest in diversified portfolio of commodity trading advisers, initially allocating money to between 10 and 15 CTAs.
In last year’s turbulent market, CTAs outperformed their hedge fund counterparts.
“During the current turmoil, volatility has not risen in CTAs as it has for most other strategies,” said Morten Spenner, CEO of IAM.
“Importantly, we also regard the strategy as having ample capacity: as of Q3, 2008 the Global AUM of CTAs was US$226 billion. The other benefits of CTAs are that they utilize futures, which are highly regulated and liquid, with low trading transaction costs and minimal counter-party risk.”
IAM was founded in 1989 and managed some US $3.3 billion as of the end September.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…