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ICC Capital Management (need help understanding the difference between hf and asset management)
 

wubbie412's picture
HF
 
Points)
 on 6/8/11 at 12:55am

I live in between tampa and orlando and ICC Capital seems close enough for a commute. So far I've compiled a list of five funds to contact within the Tampa-Orlando area to apply for an internship next year.

Ok, so my question is, is ICC Capital Management a hedge fund or an asset management company?

Thank you so much guys. :)

EDIT:

And what is the difference between the two? In the case that it's the latter, would it still be beneficial for me to get an exposure to the asset management firm even though I would like to go down the hedge fund route after undergrad?

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ProdigyOfZen's picture

Seriously man come on? You

ST
(Orangutan, 316
 
Points)
 on 6/8/11 at 3:00am

Seriously man come on? You cant be serious? I just typed in ICC capital management and the first line says "this is a registered investment advisor or RIA"

Basically they collect a fee of a certain percent of assets they manage so no they are not a hedge fund. That fee is usually 1 % of total assets.

Hedge Funds are private pools of capital not regulated by FINRA/SEC etc and can invest in just about anything. They normally charge a 2% management fee and 20% of profits.

The one who does not fall, does not stand up

wubbie412's picture

thanks.

HF
 
Points)
 on 6/8/11 at 7:45am

thanks.

wubbie412's picture

i asked because icc was on

HF
 
Points)
 on 6/8/11 at 9:42am

i asked because icc was on the list from hedgelist

Kenny_Powers_CFA's picture

RIAs can manage hedge funds,

HF
(Neanderthal, 2,194
 
Points)
 on 6/8/11 at 3:23pm

RIAs can manage hedge funds, the firm I work for is registered with the SEC.

Additionally, many asset managers provide a range of products, not all of which are available to the typical investors. For example TCW and Blackrock are best known for their mutual fund products and asset management services but also manage hedge funds, mezzanine funds, and PE funds that aren't open to all investors.

Using fees is a common way of distinguishing between mutual funds and hedge funds, but other elements such as their investor base (hedge funds and other "alternative strategies" require investors to meet certain income or net worth hurdles) and strategies employed (use of leverage and short-selling as well as the purchase of certain asset classes are restricted in retail asset management) are relevant as well.

In summary, ICC could be a hedge fund even though they are an RIA, and they could also be an asset management firm that offers both hedge funds and non-hedge fund investment vehicles.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.

wubbie412's picture

^^^^ that's exactly the

HF
 
Points)
 on 6/8/11 at 6:36pm

^^^^ that's exactly the answer i was looking for. thank you kenny.

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