Friday, 22 August 2014
Last updated 15 hours ago
Jun 17 2010 | 11:54am ET
New York hedge fund StoneWater Capital has launched its third fund, a multi-strategy multi-manager vehicle.
The emerging markets fund of funds currently has six underlying managers, focused on Asia and Latin America. The fund debuted on May 1 with $12 million in initial assets. HedgeFund.net reports.
StoneWater plans to begin marketing the vehicle in the fourth quarter. It features a “typical” fee structure and employs RBC as custodian and Apex Fund Services as administrator, chief operating officer Bucky Canales said.
The $130 million firm has big plans for the new fund, which it says could take in as much as $100 million over the next year. If it does, StoneWater plans to increase its stable of managers to as many as 15.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note