Tuesday, 24 November 2015
Last updated 17 min 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…