Florida-based Lucre Capital has launched its first hedge fund series, the Market Making & Operation Series (MMOS), HFMWeek reports. The first series will be operated under the Lucre Capital Multi-Series.
The firm, which specializes in spot forex trading, intends to add short-term algorithmic spot foreign exchange and statistical arbitrage series in the future. Lucre has also set up an emerging manager program, which will seed traders that have high-alpha algorithmic trading strategies.
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