Welcome!

News Feed Item

Wharton GC Launches New Hedge Fund Oracle of Investing Fund LP

NEW YORK, Jan. 21, 2014 /PRNewswire/ -- Wharton GC told its investors that it will launch a new hedge fund this year, and had sold another minority equity stake in the firm to an unidentified buyer to help ensure its long-term viability.

(Photo: http://photos.prnewswire.com/prnh/20140121/PH49466-a)
(Logo: http://photos.prnewswire.com/prnh/20140121/PH49466LOGO-b)

Wharton GC described its new fund, Oracle of Investing Fund LP, as a variation of its long-short and global macro strategies that seeks to perform in any economic environment.

In a Jan. 14 year-end report to investors, the hedge-fund firm said Oracle of Investing Fund LP would help ensure that Oracle Fund doesn't grow to such an extent that could hurt its returns.

Oracle Fund systems returned 28.3% in 2012, gross of fees, Wharton GC wrote.

In the same report, Wharton GC said it had completed a deal at the end of last year to sell a nonvoting stake in the firm to an outside investor, marking the first time the firm made such a transaction. The firm did not publish the name of its investor or the size of the stake.

"The proceeds of these transactions have allowed us to create a sustainable capital base that is independent of the founder, while staying fully controlled by employees," the Jan. 14 report said, referring to Wharton GC founder Javier Gonzalez, PhD.

The global macro hedge fund manager has not identified its other outside investors.

The launch of the new Oracle of Investing Fund tracks with how Wharton GC started its last fund. That fund pursues a similar strategy to that of Wharton GC's flagship, Oracle Fund, but trades in fewer markets.

In the launch of Oracle of Investing Fund, Wharton GC took money only from existing investors. The report didn't say how much Wharton GC planned to raise for the new Oracle of Investing Fund LP, or whether it would take money only from existing investors.

Founded in 2010 by Dr. Gonzalez, a Penn economics PhD graduate known for his philosophical musings, New York, NY.-based Wharton GC has grown into one of the most stable funds.

Wharton GC wrote in its report to investors that its flagship Oracle Fund systems returned 28.3%, net of fees, last year. The gains outpaced the 0.37% loss averaged by other funds in the macro strategy class, which invest on global macro and economic policy in a wide range of markets, according to hedge fund-tracker HFR. The returns were in line of their historic results; the funds' average annual returns have been 26.1%, net of fees.

In a letter included in the report, Dr. Gonzalez attributed the Oracle Fund's "in-line performance" to "relatively stable and trendless global markets" and "subject to fluctuating quality of opportunities to invest." One loyal investor on Friday said he was unconcerned about the performance, saying the Oracle Fund had achieved over the long-term in the right way and, in some years, outperformed.

Contact:
Javier Gonzalez, PhD
Oracle of Investing Fund(TM), LP
212-729-4318
Email
http://www.hedgefundoracle.com

Read more news from Wharton GC.

SOURCE Wharton GC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
Managing mission-critical SAP systems and landscapes has never been easy. Add public cloud with its myriad of powerful cloud native services and this may not change any time soon. Public cloud offers exciting new possibilities for enterprise workloads. But to make use of these possibilities and capabilities, IT teams need to re-think everything they have done before. Otherwise, they will just end up using public cloud as a hosting platform for their workloads, aka known as “lift and shift.”
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.