Friday, 29 August 2014
Last updated 10 hours ago
May 14 2010 | 1:56am ET
Levant Partners has launched its second hedge fund, with some help from a local foundation.
The Alexander S. Onassis Foundation, set up by the late Greek shipping magnate Aristotle Onassis, Jaqueline Kennedy Onassis’ second husband, has seeded the Athens, Greece-based firm’s Menander Fund.
Levant launched the new fund with US$23 million in March, HFMWeek reports. The equity long/short fund focuses on European, Middle Eastern and North African mid-cap stocks. Menander has a long-bias with 20 to 30 stocks in its long book and 5 to 10 shorts. There is no sector focus.
Levant hopes to raise US$100 million for the fund—which has a US$400 million capacity—over the next year-and-a-half. The firm currently manages a total of US$110 million.
The Menander fund charges 2% for management and 20% for performance, with a US$1 million minimum investment requirement.
Goldman Sachs serves as prime broker.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...