Friday, 26 December 2014
Last updated 1 day 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.
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.