Intrinsic Value Goes Offshore

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.


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