His responsibilities included putting together trading strategies for the discretionary program as well as running all trading and execution for the firm. With the demise of open outcry at the CSCE Nicholas was offered an opportunity to join Atlantic Capital in January 2008 as a Partner and Co Manager of a Commodities only Discretionary Fund. ![]() His primary responsibility was running the daily operation of the futures trading floor. Nicholas along with his partners formed MP Commodities, a Coffee, Sugar, Cocoa Futures and Options brokerage operation in 1998. Gentile became a member of the CSCE in 1993 and began trading proprietary funds as well as trading client accounts. Gentile began his career in commodities on the trading floor of the Coffee, Sugar and Cocoa Exchange (“CSCE”) working as a phone clerk for B&J Commodities. The Adviser will generally sell a security on behalf of the Fund if the security reaches its estimated fair value or is impacted by an adverse event, or if more attractive alternatives exist. For corporate issuers, the Adviser analyzes the company’s financial statements as well as its prospects for future cash generation, while for mortgage- or asset-backed securities, the Adviser analyzes the quality of the underlying receivables and structural credit enhancements. In selecting investments to purchase on behalf of the Fund, the Adviser combines quantitative and qualitative analyses to identify market sectors and individual issuers that the Adviser believes are undervalued in the market. If the Adviser becomes aware that the Fund is invested in a company whose policies and practices are inconsistent with the USCCB Guidelines, the Adviser may sell the company’s securities or otherwise exclude future investments in such company. The policies and practices of the companies selected for the Fund are monitored for various issues contemplated by the USCCB Guidelines. The Fund makes investment decisions consistent with the United States Conference of Catholic Bishops’ Socially Responsible Investing Guidelines (the “USCCB Guidelines”), and therefore, the Fund is designed to avoid investments in companies that are believed to be involved with abortion, contraception, pornography, stem cell research/human cloning, weapons of mass destruction, or other enterprises that conflict with the USCCB Guidelines. ![]() Thus, the longer the duration, the more volatile the security. For example, a five-year duration means that the fixed income security will decrease in value by 5% if interest rates rise 1% and increase in value by 5% if interest rates fall 1%. Duration measures how changes in interest rates affect the value of a fixed income security. Government/Credit Index, which generally ranges between zero and three years. The Fund may invest in securities with any maturity or duration, but seeks to maintain an average duration similar to that of the Bloomberg 1-3 Year U.S. issuers and investment-grade securities, but may hold securities that are rated below investment grade (“high yield” or “junk bonds”). ![]() Government and its agencies or instrumentalities, municipal bonds, corporate obligations, residential and commercial mortgage-backed securities, and asset-backed securities. For purposes of this policy, bonds include a variety of fixed income instruments, such as securities issued or guaranteed by the U.S. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds.
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