Summary
PFGBEST.com has launched Peregrine Asset Management Inc, a strategic asset management initiative that will offer futures-based alternative investments at lower minimum investment levels than typical managed account programs. Neil Aslin has been named president of the new venture, which will seek emerging commodity trading advisors and create commodity pools to offer numerous CIAs strategies in one structure. Their first go around was successful. The Pecta Fund, which was launched in December 2005 and is closed to new investments, has produced a compound annual return of 20.75% with an annual standard deviation of 6.7%. The standard deviation of the S&P 500 during the same period was 14.99%. Hedge Fund Research reported in October that the size of the hedge fund universe shrunk by $210 billion in the third quarter due to "steep performance losses and record investor capital redemptions." Managed futures, despite performing relatively well during the recent market turmoil, also have seen redemptions.
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Extract
New Alternative to Find New Blood
PFGBEST.com has launched Peregrine Asset Management Inc., a strategic asset management initiative that will offer futures-based alternati...
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