WEST PALM BEACH, FL (HEDGECO.NET) – TFS Capital has unveiled a new long/short equity fund; the new product would utilize �proprietary and quantitative trading models� according to the statementreleased by company officials. The company stated, �Our Portfolio Managers utilize proprietary statistical models and trading algorithms to make predominantly objective trading decisions. Throughdetailed analysis of historical market and securities data, we develop these models to capitalize on market inefficiencies. We believe that objective decision-making is necessary to avoid emotionaltrading decisions that can erode investment profits.�
The new fund called the Huntrise Market Neutral Fund was seeded with initial investment capital of about US$4 million and a minimum investment of US$1million is required from prospective investors. The fee structure for the new fund is 1% for management fee and 20% for performance fee. Commenting on the launching of the new fund, TFS portfolio manager Kevin Gates said in the release. �I believe quantitative and proprietary trading models offer the best opportunity to maintain an edge in the market; by showcasing this product in a single strategy fund, we are offering institutional investors an opportunity to obtain excellent risk-adjusted returns that are not correlated to the capital markets.�
Larry Eiben, Kevin Gates, and Richard Gates are the founders and Principals of TFS Capital LLC. All three serve on the Investment Committee and determine the final strategies to be utilized in the various products and services offered by TFS. As part of the committee, all three Portfolio Managers participate extensively in the research and analysis related to new product development and ongoing enhancement to existing strategies, according to company statements.
TFS Capital manages two other domestic funds, Huntrise Capital Partners LLC and Huntrise Capital Leveraged Partners LLC; and manages approximately $100 million in assets. The company is based in Richmond Virginia.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: editor@hedgeco.net
