Tuesday, 2 June 2015
Last updated 14 hours ago
Nov 19 2010 | 6:37am ET
While many hedge funds are rushing to get onshore, Intrinsic Value Investors is heading in the opposite direction.
The New York-based event-driven firm, which is not affiliated with SAC Capital Advisors’ CR Intrinsic Investors division, has launched an offshore business, HFMWeek reports. The year-old firm said the move was motivated by investor demand.
Intrinsic hopes the move will attract assets from strategic investors and other potential clients, including high-net worth individuals, family offices and funds of hedge funds. The firm has already been approached by one possible strategic partner.
Intrinsic focuses on North America. Through an affiliation with a Montréal-based firm, it boasts Canadian credit and equity investments.
The firm charges 2% for management and 20% for performance. Goldman Sachs serves as prime broker.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…