Wed, Jun 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Probabilities Fund: Trend Following in '40 Act mutual fund format

Tuesday, August 27, 2013

amb
Joe Childrey
Bailey McCann, Opalesque New York:

The original Probabilities Fund was started in 2008, by Joe Childrey, as a trend following strategy. Like many of his hedge fund cohorts, Childrey has also launched a ’40 act fund to capture investments from retail investors. He spoke about this move in a recent Opalesque TV interview.

"May of 2013, we started our 40 Act Fund, which is a clone of the Probabilities Fund. And remarkably, we called that the Probabilities VIT Fund, Variable Insurance Trust is the VIT. Many people haven’t heard of a VIT, a Variable Insurance Trust; this is a 40 Act Fund found inside variable annuities, such as the Jefferson National and Security Benefit, which is part of Guggenheim Annuity. This allows me to have a 40 Act Fund for investors that are concerned about taxes, because there are no capital gains inside the variable annuity," Childrey explains.

"The strategy is essentially trend following. We trade the S&P 500 Index. We are either in, out, leveraged, or short. So, it’s a directional fund; we are not hedging. We are making bets on market."

Childrey notes that much of this approach stems from a personal interest in seasonal investment behaviors. Instead of just focusing on old axioms like 'sell in May and go away,’ he focuses on when to be in markets rather than just out. "We found that like a lot of things in life, ther......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.