College Students Launch Hedge Fund

New York (HedgeCo.Net) – North Carolina registered Lumina Investments, LLC, founded and managed by three North Carolina college students, has opened its first hedge fund that seeks to capitalize on the growing influence of “macro events” on the behavior of global financial markets.

“Globalization has increased correlation and volatility among international financial markets. We believe there is upside investment opportunity through a strategy founded on understanding international developments and their global impact,” said Elliot Carol, Chairman and Principal Managing Partner of Lumina Investments.

Lumina’s new fund will invest directly and indirectly into markets that are affected by international political and economic volatility using equities, commodities, fixed-income and currency trading, he said.

Carol, Marcus Varsano and Ryan Mahoney formed Lumina Investments in 2011. Carol and Varsano, Lumina’s Director of Investor Relations, are students at the University of North Carolina Wilmington’s Cameron School of Business. Mahoney, the firm’s specialist in global securities and derivative structures, is a student at East Carolina University.
Alex Akesson
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