New York Magazine’s Kevin Roose writes: It's been a rough year for hedge funds. Even
the best ones have been trying and mostly failing to keep up with the stock
market. But a trio of North Carolina college students aren't letting a down
year defer their dreams. The undergrad whippersnappers are opening Lumina
Investments, a fund that will "capitalize on the growing influence of
'macro events' on the behavior of global financial markets" and,
presumably, give them something to impress the ladies with at Sig Ep keggers
besides butt-chugging demonstrations.
"We believe there is upside investment opportunity
through a strategy founded on understanding international developments and
their global impact,” said chairman Elliot Carol, a student at UNC Wilmington's
Cameron School of Business who was almost certainly born in the nineties.
According to their press release: Lumina’s new fund will invest directly and indirectly into
markets that are affected by international political and economic volatility
using equities, commodities, fixed-income and currency trading....
Now, you might read that and think, Isn't that what every
macro fund does…..
Wait…wait…there’s more at http://nymag.com/daily/intel/2012/09/college-buckaroos-start-a-hedge-fund.html
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