1. Latest News
  2. Submit Press Release

Do The Right Thing, L.P. ® Fund – A Strategic Alliance

Herron Capital Management, a California-based investment manager, has teamed up with Interbank Trading Technologies (ITT), a UK-based operational consultant, to launch a new philanthropic hedge fund.

 
PRLog - Feb. 10, 2012 - LONDON -- London based consultancy group Interbank Trading Technologies Ltd is pleased to announce a partnership with Herron Capital Management, an investment company forming in California, in order to launch a philanthropic fund named Do The Right Thing, L.P. ® Fund (‘DTRT’)

Driven by compelling interest from the investing community, the launch of the fund has been brought forward and is now due for an imminent launch.

DTRT will provide morally-conscious investors a unique opportunity to invest in companies and market sectors that focus on solving humanity’s hunger, thirst, disease and clean energy problems.

“We believe that investors can dictate the tempo of providing real solutions for our world’s problems by investing in new technologies designed to move humanity forward.” - Michael Herron – portfolio manager.

By directing a portion of the manager’s profit-sharing fees to their chosen, registered charitable organisations, the fund’s investors will receive a tax deduction. They will also receive a capital guarantee and minimum fixed rate of return with a variable upside profit potential.

“Right now the public perception of bankers and finance is at such a low ebb that this perception is reflected, simply by association, on the institutional investing community.

Of course we are in the business of financial investment and we can’t operate without gains. However, there are an increasing number of us who are struggling to find a real balance between acquiring that Midas Touch and contributing to the global community of which we are all a part.” - David Rose CEO of Interbank Trading Technologies.

Mike Herron who successfully managed in excess of $300 million for a private family office, is confident in producing the same double digit returns on an annual basis. With this in mind the Do The Right Thing fund is set to reach a capacity of $2bn.

The DTRT fund will have a $25,000 investment minimum, 1.5/25 fees and a five-year lock-up for the capital guarantee version, with no lock-up for the other version. Its service providers are yet to be confirmed.

# # #

Established in heart of London, Interbank Trading Technologies Ltd provides outstanding turn-key trading solutions (software and services) to institutions operating on the spot FX, CFD and commodity markets.

--- End ---

Click to Share

Contact Email:
***@bank-trading.com Email Verified
Source:Interbank Trading Technologies Ltd
Phone:+41 (0) 22 54 837 89
Zip:EC1V 4PW
Location:London City - London, Greater - United Kingdom
Industry:Banking
Tags:hedge funds, trading, charity, philanthropic, interbank, Interbank Trading Technologies, Herron Capital Management
Shortcut:prlog.org/11796269
Verified Account Email Address

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



Like PRLog?
9K2K1K
Click to Share