Wednesday, 17 December 2014
Last updated 11 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.