Monday, 30 March 2015
Last updated 2 days 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…