Tuesday, 13 October 2015
Last updated 4 hours ago
Dec 23 2010 | 10:07am ET
Kingsland Capital has launched a concentrated multi-strategy hedge fund.
The New York-based firm, which is majority-owned by women and manages $2.2 billion, hopes to raise between $300 million and $500 million for the fund next year, firm founder Joyce Delucca told HedgeFund.net.
The fund has between 10 and 15 long and short positions, employing distressed credit, capital structure arbitrage and equity hedge strategies. It charges 1.5% for management and 20% for performance with a 5% annual threshold. There is a $1 million minimum investment requirement.
Cantor Fitzgerald and Goldman Sachs are the new fund’s prime brokers and Alternative Investment Solutions the administrator. The fund is domiciled in the Cayman Islands.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…