25/01/2012 Author: Elana Margulies

Candor Capital debuts managed FX offering

Stephan Hart, formerly of Valhalla Capital, has launched a flagship FX-CTA offering at newly formed Maryland-based Candor Capital Advisors.

Before his departure from Valhalla, Hart was responsible for the 2011 launch of its second spot FX strategy.
The new flagship fund, the CandorFX Series 1.1, debuted in the last quarter of 2011.

Hart said he launched Candor because he wanted to focus specifically on managed FX. The fund invests in the spot foreign exchange markets using proprietary trading systems with minimal correlation to traditional investments.

The programme is targeting high-net-worth individuals along with hedge fund and fund of hedge funds managers to reach its $100m capacity.

Candor has a $25,000 investment minimum, 2/25 fees and no lock-up.

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