Naples, FL (PRWEB) April 3, 2006
While many asset managers faced a number of obstacles to get returns above hedge fund costs in 2005, the Tuono Corporation exhibited a dramatic counter trend. Achieving a return of 53.08 percent last year, its private managed account has extended its cumulative ROI to 259.2 percent from inception in April 2003.
With its methodology proven to outperform a myriad of markets around the globe, a first time offering of its market strategies is being made through the formation of T-Circle LLC. Participation will be limited to institutional type investors, such as pension schemes, endowments, foundations and family offices.
"During the past several years, asset managers have been confronted with the reality that their overall returns were diminished, or in some cases negative, because poor performance was further affected by hedge fund management fees," said Michael D. Billy, CEO of The Tuono Corporation. "I am proud to state that our results are net to clients. We will maintain the same operating mode for the T-Circle managed account program," he added. Comparing the trading style to an industry historical performance benchmark, Billy went on to say, "If all gains would have been reinvested, as depicted by a VAMI illustration, $1,000 invested in April 2003 would be equivalent to having $3,592 in Feb. of 2006."
T-Circle clients are projected to receive 1.25 percent net per month. To insure performance integrity, Tuono will not charge a management fee or incentive fee. Its only form of compensation will be derived from performance once client ROI expectations are met. Open to international investors, participation will be limited to 25 participants’ investors on a world-wide basis. Expected to be launched in early April, the fund will be capped at $100 million.
Considering itself a next generation investment manager and strategy service provider to asset managers around the globe, Tuono has created a "think-tank" environment related to achieving exceptional performance. The company brings new tools related to its systematic 'black-box' and 'gray-box' trading strategies. Through its proprietary software geared toward better defining market opportunities and capturing them, the company believes it can sustain performance on a more consistent basis for a longer period of time.
In May, Billy will be visiting Europe to speak with prospective clients and mass media representatives about Tuono's investment strategies. Scheduled stops include some cities of Ukraine and Russia, Paris, Geneva and London. Investors from South American, Asia, South Africa and Australia are also welcomed to inquire about opportunities with Tuono. All queries should be made through the Naples, Florida office.
For more information, visit http://www.tuonocorp.com/.
Michael D. Billy
400 Fifth Avenue South
Naples, FL 34102
Toll free: 1-888-TUONOCO