Gargoyle Announces Milestone.ENGLEWOOD Englewood (ĕng`gəlw  d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. , N.J. -- Jay Easterling, the marketing director for Gargoyle gargoyle (gär`goil), waterspout used in medieval Europe to draw rainwater from church and cathedral roofs. Gargoyles were fashioned imaginatively in the form of human grotesques, beasts, and demonic spirits. Asset Management announced today that its flagship hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , the Gargoyle Hedged Value (QP) Fund L.P., has exceeded $100 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . This fund is designed to allow investors to participate in the large cap U.S. equity market with enhanced performance and lower risk. Since January 2000, the Fund is up over 100%. During the same period, the S&P 500 is down 3%. Joshua B. Parker is the fund's manager. Additionally, Mr. Parker is a partner in Gargoyle's sister business, one of the country's largest independent market makers for equity options. |
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