Saturday, 23 August 2014
Last updated 1 day ago
Feb 6 2007 | 3:14pm ET
Harrison, N.Y.-based Augustus Advisors, a registered investment advisor and affiliate of Augustus Capital, an NASD broker-dealer, recently launched the Augustus MJK Offshore Fund, a Bahamas-domiciled version of its Augustus MJK (Domestic) Fund.
Like its onshore predecessor, the new offshore offering is a beta-neutral, highly-quantitative, global long/short equity fund that aggressively trades its core position on a short-term basis via technical analysis. The firm's onshore vehicle, which launched in January 2005 with firm capital, returned 29.9% net in 2005 and 14.8% last year.
The new offshore offering charges 1.5% for management and 20% for performance, with a $500,000 minimum investment requirement, subject to manager discretion, monthly liquidity, and no lock-up.
The Augustus MJK Fund currently manages less than $10 million in assets and is just now reaching out to third-party marketers and strategic partners. Third-party marketers are to be paid 1% annually on assets they bring into the fund.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note