Traunche Launches Global Long/Short Fund

Feb 1 2007 | 12:30pm ET

New York-based Traunche Capital Advisors has launched its first hedge fund.

The Traunche Global Micro Fund began trading last night on the Hong Kong market, according to founder Evan Vaughn, with $7 million in initial capital. The firm’s plans for the new fund were first reported in FINalternatives (Dec. 7, 2006).

Vaughn says that while the fund is primarily a global long/short offering, he also uses currencies and options. “It focuses on generally smaller- and mid-cap equities, using a top-down approach where there’s a macroeconomic inefficiency in the market,” he says.

The fund charges a 1.5% management fee and 20% performance fee, with a $250,000 minimum investment requirement.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note