Fri, Feb 26, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Sender Company & Partners rides retail trading volatility to +16% gains in January

Thursday, February 04, 2021

Bailey McCann, Opalesque New York for New Managers:

Hedge fund Sender Company & Partners ended January on a high note. According to a letter to investors reviewed by Opalesque, the fund is up 16.63% net for the month. January's performance builds on a strong 2020 - Sender ended the year up 69.38% net.

Assets under management at the firm have climbed to over $300 million on a combination of performance gains and new subscriptions. The letter notes that the fund will soft close at $400 million in order to "remain nimble and maximize the short-term trading opportunities being presented in this volatile market."

Launched in 2016, Sender's directional long/short strategy takes advantage of volatility in the market across equities, futures, indices, commodities, and currencies. The strategy outperforms in environments with significant dispersion in pricing. The firm is led by Adam Sender, who was previously with Steve Cohen's SAC Capital Advisors before starting Exis Capital Management in 1998.

Sender made news last year for trading many of the names popular on Robinhood, the free trading app. Robinhood was, until recently, popular with noted retail trading forum WallStreetBets. Other retail trading apps including WeBull and SoFi have recently expanded the market for ultra low cost retail trading. In 2020, retail traders aided by these apps, caused run-ups in a handful of n......................

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. Investing: Tribune Publishing agrees to $430m takeover by hedge fund, Jana Partners builds new stake in Labcorp, Tiger Global's Coleman doubled down on stake in Uber, added bets in Airbnb and DoorDash, Baupost Group takes a large stake in Intel[more]

    Tribune Publishing agrees to $430m takeover by hedge fund From Boston Globe: Tribune Publishing Co., the owner of the Chicago Tribune and New York Daily News, agreed to be acquired by Alden Global Capital LLC for about $430 million, putting a hedge fund known for firing journalists at

  2. PE/VC: Private capital funds to spend billions on tech & outsourcing, Why family offices are drawn toward venture capital, Megafunds continue to reign in VC[more]

    Private capital funds to spend billions on tech & outsourcing From Funds Europe: Private capital fund managers will spend several billion dollars so they can provide daily performance reporting and meet other transparency demands in the next five years, research suggests. Transparency

  3. PE/VC: VC fund investors not raising alarms over SPAC trend, Asian private equity investors focus on business transformation[more]

    VC fund investors not raising alarms over SPAC trend From Axios: Venture capital firms, formed to invest in startups, are increasingly becoming sponsors of SPACs, blank-check companies that bring later-stage businesses into the public markets. It's significant strategy creep, but so fa

  4. PE/VC: Private equity may face return of attention-getting SEC fines under Gensler, VC firms are launching SPACs, Blackstone's Perry says private equity must do more on diversity[more]

    Private equity may face return of attention-getting SEC fines under Gensler From WSJ: The largest U.S. financial regulator has turned its focus away from private equity in recent years, but new agency leadership could mean tougher enforcement and heavier fines for buyout firms, attorneys

  5. Opalesque Exclusive: London manager to launch absolute return options fund[more]

    B. G., Opalesque Geneva for New Managers: Carmika Partners LLP is a discretionary investment manager that specializes in quantitative volatility trading. Th