As the S&P 500 (INDEXSP:.INX) essentially limped along in May, long short hedge fund Amici was up nearly 7% in its Amici Strategy Fund. The strong May is good news for the hedge fund, which struggled after the recent death of strategy founder Alex Porter. Amici “friends” with benefits from relative value strategy Porter, who first founded Porter Management in 1976, which was later changed to Porter Orlin before becoming Amici, passed on April 18, 2014. Amici translates to “friends” in Latin and it refers to the initial few investors he found among his friends. The firm now has 27 employees…
Amici Up Strong In May After Passing of Founder
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.