Our strategy evolved after thorough internal research and analysis of international mutual funds. We saw that there is an inefficiency in the relationship between international open-end mutual funds and correlated futures and we benefit from that.
Boston, MA (PRWEB) November 06, 2013
The Ivy Family Office Network hosted its 2014 Family Office Outlook Forum in Boston, MA on with a discussion on “Emerging Alpha Generating Strategies” led by Gary L. Simpson, co-Founder & Chief Operating Officer of Windmill Capital.
According to Mr. Simpson, “Our strategy evolved after thorough internal research and analysis of international mutual funds. We saw that there is an inefficiency in the relationship between international open-end mutual funds and correlated futures, and we benefit from this inefficiency."
Moreover, “This is a liquid strategy as we are able to liquidate our positions within a matter of a few days. Since January 2008 our average annual compound return has been 6.2% with a standard deviation of 10.5%. Since our inception in 1998 the average annual compound return has been 13.6%, and cumulatively it has been 577%. We manage the fund cautiously and don’t exceed 80% net long exposure to the market.”
Other speakers on the panel included Steven Simmons of Sideris Capital, Eli Kent of Harvest Funds Management and John O'Callaghan of O'Callaghan Consulting
- * *
Mr. Simpson co-founded Windmill Capital with Robert Bliss in September 1998. He has invested extensively in hedge funds and private partnerships. Mr. Simpson has over 25 years of experience as an entrepreneur and executive in a variety of companies and sectors including real estate, construction and venture capital. He has managed over one billion dollars of construction work, including the restoration of Ellis Island and the construction of the Brooklyn Navy Yard cogeneration plant. Mr. Simpson is a founder and director of Transit Wireless, LLC, which has the exclusive license to own and operate the cellular and WiFi services in all of the NYC underground subway stations, of which 36 stations are presently active.
Among his responsibilities at Windmill is compliance and risk assessment. Mr. Simpson received a B.S. degree in Biology from the University of Vermont and an M.B.A. from New York University’s Stern School of Business. He has served on the Board of Directors of the Council on the Environment of New York City, the Center Against Domestic Violence and the Metro New York Chapter of the Young Presidents’ Organization.
About Windmill Capital, LLC
Windmill Capital, LLC, a New York-based investment management firm was organized in 1998. Its long-biased strategy utilizes a proprietary model to capture pricing inefficiencies in predominantly Internationally-based mutual funds with large capitalizations. Windmill implements an actively managed hedging process by shorting highly correlated futures and/or ETFs against its long mutual fund positions to lock in the arbitrage, lower the beta and control the risk profile.
- * *
The Ivy Family Office Network Forum provides an ongoing dialogue for family offices to support high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.
About The Ivy Family Office Network
The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending events around The Americas every year. The more than 1,500 past speakers include more than half of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds, leading institutional investors, best-in-class asset management professionals, family office subject matter experts and world-class family offices.
Premier Speakers have included Harry Gruber, Nick Maounis, John Taylor and many others. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
IvyFON originates from one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus is a peer to peer private equity, real estate and hedge fund network consisting of Ivy League and comparable school alumni as well as meritorious participants in the program. The group includes New York City and Los Angeles deal networks across multiple disciplines including private equity, health care and real estate.
More than 12,000 investment, family office and institutional investment professionals have attended forums globally.
For more information on Windmill Capital contact Gary Simpson at Gary@windmillcapital.com. For more information on the Ivy Family Office Network, contact us at 646-290-8114 or at ivyfon.com/contact.html.