Sun, Dec 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gemini Fund Services partners with KKM Financial on two liquid alts funds

Friday, June 13, 2014

Bailey McCann, Opalesque New York:

Gemini Fund Services has partnered with KKM financial on the launch of two new liquid alternative funds. The KKM ARMOR Fund and KKM U.S. Equity ARMOR Fund are available through Northern Lights Fund Trust II.

The Armor Fund, designed as a portfolio hedging tool, attempts to achieve its goals by primarily investing in long and short VIX futures contracts, and long and short call and put options contracts trading on the S&P 500 Index and the Chicago Board Options Exchange Volatility Index (VIX).

The investment vehicle's ARMOR Index, calculated and distributed by the Chicago Board Options Exchange, searches for relative value along the VIX futures curve, seeking to capture 70 percent of upside VIX movements and 30 percent of downside VIX movements.

The KKM U.S. Equity ARMOR Fund utilizes a total return strategy and also incorporates elements of the KKM ARMOR Fund's tail-risk strategy. It seeks to meet its objective by primarily investing in large-cap U.S. stocks, VIX futures contracts, and long and short call and put options on VIX. The Fund's portfolio is tied to the U.S. Equity ARMOR Index, which is designed to create a portfolio consisting of large-cap S&P 500 stocks (82 percent) and holdings in the ARMOR Index (18 percent).

Gemini provided consulting, guided the formation and launch process, and has since transitioned the funds to the operations teams. Gemini does all of the back office work involved with th......................

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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Hedge funds gain on Trump market rally, positive U.S. data[more]

    Komfie Manalo, Opalesque Asia: Hedge funds enjoyed meaningful returns in the week ending November 22, with the Lyxor Hedge Fund Index moving up 0.7% over the period (-1.6% YTD). From a broad perspective, all strategies ended the week on a positive note except for CTAs that ended flat. Event d