Σ1

I ask myself what value-adds will distinguish the Σ1 Fund from the numerous fund out there. Here are a few key distinguishing points:

1. Innovative, industry-leading transparency for a hedge fund.
2. Far lower overall expenses than typical for a hedge fund.
3. Far lower investment minimums, by far, than a typical hedge fund.

On Sept. 17th the Σ1 Fund was launched with a NAV (net asset value) of $25.00/share.  Today’s closing NAV was $25.30/share, representing a 1.2% gain. Long holdings (stock and bond ETFs): 100 shares SPY 100 shares BND 100 shares VTI 100 shares JNK Short positions (options): RMN 19MAR11 67.5 SPY 20NOV10 115 Leverage Ratio: 1.22

As a young investor (age 12) I was given the opportunity to invest in bonds and mutual funds because my Dad had a brokerage account.  As a junior investor my meager individual funds were initially a liability to the brokerage.  However, my Dad’s funds were an asset.  The brokerage won in two ways.  First, my [...]