Sun, Sep 6, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cannabis-focused hedge fund tackles great market growth potential
Thursday, December 01, 2016

Benedicte Gravrand, Opalesque Geneva for New Managers:

Cannabis is a growing market: its size in the US amounted to $6.7bn in 2015, and with the legalization of the commodity moving fast across the country, it is expected to reach $20bn by 2020. Very few fund managers have so far started investing in this market, but here is a brother-and-sister team that started looking into it as early as 2012.

Emily and Morgan Paxhia, who founded San Francisco-based Poseidon Asset Management in early 2014, talk to Opalesque about their cannabis-focused fund. Before Poseidon, Emily worked in product development for Fortune 500 companies for 15 years, and Morgan gathered more than 10 years of experience in the investment industry.

The US-domiciled fund’s strategy is growth-oriented. It invests in fixed income and public and private equities, and has a strong focus on the technology basket.

Morgan Paxhia

Opalesque: Why a cannabis-focused fund? How did it all start?

Morgan Paxhia: What started this journey for us was, we unfortunately lost both of ......................

To view our full article Click here
Article link
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  3. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  4. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m

Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. CIFC
  2. TOMS
  3. Two Sigma
  4. Fiera
  5. Greenlight
  1. mortgage fund
  2. Adar
  3. fund manager
  4. new fund launch
  5. outsource