Tuesday, 4 August 2015
Last updated 12 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…