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Welton bounces back with 6.63% in April
GDP was up 6.33% in April 2007. Trailing 12- and 24-month performance is (2.82%) and +43.84% respectively. Since inception in June 2004, GDP has outperformed the S&P Managed Futures Net Value Index by +49.94%, while also maintaining a low daily correlation to both equities and many hedge fund styles. The Welton Global Directional Portfolio (GDP) seeks to preserve the attractive uncorrelated qualities of the Managed Futures style class, while also generating composite-like, top-tier performance. www.welton.com
Davidson Kemper carves out event-driven strategy
Davidson Kempner Capital Management has carved out an event-driven strategy from its multi-strategy offerings and will kick off a new fund in July. (Iialternatives.com)
CTA of former pro basketball player kicks of with 4.5% in first two weeks
From Finalternatives.com: Ilan Levy-Mayer, a former pro basketball player, is trying his hand at a different kind of game: a CTA dubbed LEVEX Capital Management. Last month, he began trading the REL100 program, which systematically trades stock index futures, financial futures and energy futures, and in its first two weeks of trading posted a 4.5% return.
The program trades 30-year bonds, mini-S&P500 and mini-crude markets, and is primarily an intra-day trading system but does hold positions overnight. It averages approximately three trades per day ...................... To view our full article Click here
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