Friday, 27 November 2015
Last updated 1 day 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 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…