Friday, 19 December 2014
Last updated 31 min ago
Dec 21 2006 | 10:01am ET
Beverly Hills-based Ascendant Asset Advisors’ (AAA) Strategic 1 and Strategic 2 Options programs have been lights out this year. Year-to-date, the Strategic 1 is up some 36.74% and its more levered version, Strategic 2, is up 84.4% though November.
“We trade options in multiple markets and that’s why we’ve been able to achieve such a high performance,” said Payam Pedram, founder. “We have been diversified in many asset classes such as equity indices, currencies, bonds and gold. About 75% of our trades are in the equity indices.”
Both programs charge fees of 2.5/25 with a $100,000 minimum investment requirement.
In February 2007, the firm is also opening up its JLDeVore Elite Trading program, which trades the same markets as the above mentioned programs, to investors by invitation only. The exclusive program has a higher minimum investment requirement of $500,000.
The firm is currently managing some $14 million in total assets. Prior to founding Ascendant Asset Advisor, Pedram was the president of PPedram.com, a computer services consulting firm.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.