Casey Pond launches hedge fund with Flagship Capital
2020 has been a frustrating and emotional time for the whole world. However, Casey Pond used this time to restructure her business and started Flagship Capital into a hedge fund entity in Fort Lauderdale, Florida.
âThe launch of Flagship Capital is anchored in our proprietary three-way strategy,â said Mr. Pond. âWe are a young and growing fund, and I am very satisfied with our strategic partnerships and the deployment of our growing investment menu expected over the next two quarters. “
He says their proprietary fund is an algorithm-driven US equity strategy, but his vision is to further diversify their investment menu. âBy the end of the third quarter, our expansion with both a FOREX strategy and a crypto strategy will be complete. In addition, we plan to have a private equity and venture capital fund in the 4e quarter of this year as well.
âBetween the deployment of these new strategies and the aggressive recruiting phase we are in right now, it’s a really exciting time for Flagship Capital as we look to grow.,Says Pond, but that doesn’t mean they don’t face their share of challenges.
âBetween prioritizing portfolio management in a volatile market and strategically positioning our new funds for exposure to institutional allocations, we face challenges on a daily basis,â says Pond, âbut we control what we can control. .
If we continue to put our clients in a position for the highest likelihood of day-to-day success and provide a level of concierge service, everything else will fall into place. ”
Mr. Pond does not lack confidence in his vision for Flagship Capital. “With the foundation we currently have with our ternary strategy and the launch of FX, crypto and PE, Flagship Capital will be a $ 500 million fund in five years.”
Mr. Pond explains, âWith the introduction of new ‘home-based’ traders and investors in the last year of the pandemic and with the growth of technology companies, an already strong industry is experiencing even greater demand.
The industry is, of course, cyclical, so we always adapt to positive and negative economic conditions. Even so, it is an exciting time to be in the industry.
Mr. Pond says the takeaway with Flagship Capital is a combination of their unique strategies and the current state of the markets. âRight now we are all enjoying this long bull run and we continue to set new highs in the market.
What we’ve seen lately, however, are large allocators looking to realize their gains while looking for alternative strategies that limit traditional market exposures. So, with our Ternary approach and soon with our FX and crypto deployments, we are very well positioned as we enter the second half of 2021. “
Flagship is currently a private closed-end fund, with limited subscriptions in each strategy. Mr. Pond concluded, âWith the traction we’re seeing right now, managing available subscriptions is another challenge as well. This is, of course, a good problem to have.
A little about the Principal:
After playing Division 1 basketball at Florida Gulf Coast University, Mr. Pond began his career in professional and financial services with Edward Jones in Naples, Florida. He has gained years of valuable experience focusing on comprehensive financial planning for retirees.
He then moved to Merrill Lynch in Columbus, Ohio, where he focused more on active portfolio management. In 2012, Mr. Pond founded PMO Financial Group in Powell, Ohio, and served as Senior Director and Chief Investment Officer. The all-inclusive financial services company has focused on investment management while incorporating partners to meet P&C insurance needs as well as a personal accounting and tax leg.
Mr. Pond sold the majority of his practice with PMO in 2016 and thus followed the creation of Flagship Capital, anchored by its proprietary ternary strategy, which has been deployed for investors since 2003.
Posted on July 9, 2021