Saturday, 28 November 2015
Last updated 20 hours ago
Dec 15 2006 | 12:05pm ET
Cleveland-based Collateral Investment Management has launched its Absolute Return Portal strategy, which trades currencies and exchange-traded funds, and the Equity Market Advisor strategy, which aims to exceed the return of the S&P500 index over an investment cycle.
“The Absolute Return Portal strategy trades currencies as an overlay on a cash management type product,” said co-founder Patrick Kennedy. “It buys highly liquid ETFs and shorts their futures contacts then overlays that with currencies.” The strategy charges management fees of 80 basis points and a 15% incentive fee upon exceeding the 3-month Treasury bill.
The Equity Market Advisor strategy is a mechanical trading system that buys and sells S&P500 futures contracts. It charges a 1% management fee and a 20% performance fee with a $200,000 minimum investment requirement.
In addition, the firm is planning to launch a multi-strategy product that would encompass the currency, equity and energy markets. “We’re looking to add low-correlation asset classes to the multi-strategy mix,” said co-founder David Cooley.
The strategy, which the partners have been trading internally with their own capital, will charge 2% for management and 20% for performance, with a $200,000 minimum investment requirement.
Prior to co-founding the firm, Cooley was a managing director and partner at J&W Seligman, where he managed global equity funds and chaired the industrial sector team. Kennedy has also been a director of institutional distribution for National City Investment Management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…