Tuesday, 30 September 2014
Last updated 49 min ago
Dec 14 2006 | 11:10am ET
Hewlett, N.Y.-based commodity trading adviser UBO Inc. this month launched the Strategic Asset Management CTA program, a discretionary strategy, and is also looking to either launch its TimeWarp strategy, a systematic, intra-day trading system, in-house, or find a home for it within a larger CTA or hedge fund.
The DKASS Fund focuses its trading on the major futures indices as well as the wheat, corn and oil sectors. “It can be both a swing trading or intra-day program depending on the strength of the market,” said founder Jef Rotblut. “It looks for pinpoint entries in an effort to minimize time in the market while allowing for maximized gains.”
The fund charges a 2% management fee and 25% performance fee with a $500,000 minimum investment requirement.
“The TimeWarp program is an intra-day-only system that It has traded only 148 of the potential 241 trading days in 2006 , and the uniqueness of the strategy is that it is picky as far as entries go,” said Rotblut, who is currently shopping the program to larger CTAs and hedge funds. He said he was surprised at the number of responses he has gotten since posting a request for proposals for TimeWarp on the Albourne Village Web site, but said that there was no deal imminent at press time.
Prior to founding UBO, Rotblut served as a prop trader for Opus Trading and GreenTree Capital Markets.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...