Colorado Hedgie Unveils Offshore Vehicle

Jun 1 2010 | 11:51am ET

Colorado-based hedge fund firm Dear Park Road has unveiled an offshore version of its existing  fund.

The new vehicle, Ski Times Square Ltd., was unveiled April 1 and is a master-feeder structure that invests primarily in residential mortgage asset backed securities, as well as other distressed debt including, such as bonds backed by student loans, according to HFM Week.

The new offshore vehicle has a minimum investment requirement of $1 million and offers quarterly liquidity. Wells Fargo serves as its custodian, Stone Coast as its administrator and Rothstein Kass as its auditor.

Deer Park Road Corporation—which owns the hedge fund firm—is a privately owned registered investment advisor that was founded  in 2003. The firm is a multi-fund investment manager  focused exclusively on investing in distressed real estate and asset backed fixed-income securities for both high net worth individuals and institutional investors.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of