Bear Stearns Vet Launches Global Macro Fund

Feb 13 2009 | 3:50am ET

Resurgam Capital Management, a newly-formed global macro shop, has launched its maiden hedge fund, which seeks to exploit inefficiencies across a diversified range of markets.

The Resurgam Growth Fund launched last month with proprietary capital from founder, Mark Ellis, who previously co-managed the Broadview Growth Fund before founding London-based Resurgam. Ellis’ resume also includes stints at Bear Stearns and Halifax Bank of Scotland.

The fund’s investment universe includes fixed-income, European equities, commodities and currencies. “Everything we trade is exchange-traded so we can liquidate our portfolio within an hour, if need be,” said Ellis.

The derivatives veteran is banking on continued volatility in the market to buoy his fund’s returns.

“We get an explosion of returns in stressful environments because we tend to be long volatility and fixed-income. This is exactly what we’re looking for and our biggest fear is that the market calms down and goes back to the 2003-2006 period. But we see continued volatility for the next few years,” he said.

Ellis said a good track record for 2008 and 2009 will be priceless for new and established hedge funds in the future, and with low global rates for some time, he expects the industry to have passed its low point and outperform other assets going forward. Month-to-date, the rookie hedge fund returned between 2.5% to 3%.

The fund has a minimum investment requirement of US$100,000 and charges a 2% management fee and a 20% incentive fee.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

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.