Tuesday, 21 October 2014
Last updated 9 hours ago
Feb 5 2007 | 2:06pm ET
Toronto-based Sextant Capital Management is making a splash with its latest fund. The Caymans-based Sextant Strategic Global Water Fund Offshore Ltd, which launched just this month, is planning to close in mid-February with €250 million in commitments. According to the firm, the majority of the fund’s investors are Middle Eastern and European-based family offices and high-net worth individuals.
“Water is the most valuable natural resource and this is a great sustainable fund that we’ve put together,” said founder Otto Spork. “This is different than some of the larger funds because we’re not buying large-cap stocks. We’re buying small-cap stocks that we believe have value going forward rather than buying a conglomerate with 3% exposure to water.”
The new fund charges fees of 2/20 with a €/US $500,000 minimum investment requirement.
Investors who miss the boat on Sextant’s global water fund need not feel left out to dry. Next month, the Canadian-based firm is rolling out its Caymans-based Sextant Strategic Hybrid Hedge Resource Fund Offshore, which is a mirror of its onshore fund, Sextant Strategic Opportunities Hedge Fund LP. However, the new offering will have additional exposure to the bio-fuels and oil sands sectors in addition to the exotic and industrial metals, oil and gas sectors and, of course, water.
In other firm news, Sextant’s onshore Sextant Strategic Opportunities Hedge Fund LP finished 2006 up +117% in its first 11 months of trading on the strength of its uranium and water investments in the latter half of the year, according to Spork. The fund is currently managing some $10 million in assets and charges fees of 2/20 with a minimum investment requirement of C$150,000.
Sextant was founded in 2005 and currently manages some $350 million in total assets.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...