Wealth Management Firm Launches Hedge Fund, Fund Of Funds

Apr 17 2007 | 2:38pm ET

Wealth management boutique Capital Investment Group this month launched the CIG PlenaStrategy Fund, a global diversified fund of funds. The firm is currently marketing the fund of funds alongside its long/short equity fund, CIG Cam, which launched in September 2006 with $5 million in seed capital.

The CIG fund of funds will invest in 20 to 30 underlying managers with a range of strategies, including futures. The global diversified fund of funds outsources its research and analysis to Oxford Metrica, an independent strategic advisor. CIG also utilizes Oxford’s proprietary comprehensive database on hedge funds. “We felt we can bring a product to the market that has proven to provide tremendous returns with no correlation to the market, and with the combination of superb screening and analysis,” said Osman Minkara, founder.

The new offering charges a 2% management fee and 20% performance fee, with a $1 million minimum investment requirement, and is managed by Minkara.

Osman MinkaraOsman MinkaraCIG's long/short fund invests in a broad range of companies in terms of size and sector focus. “We utilize our own top-down and bottom-up strategies, and on the top-down we track 11 different economic indicators to give us an indication on a monthly basis how long or short we need to be, and then we utilize our own proprietary screening methodology,” said Minkara.

Year-to-date, the fund is up 3.12%. David Martin is the fund’s portfolio manager.

The long/short fund charges 1.5% for management and 20% for performance, with a $1 million minimum investment requirement.

CIG has been in business for 10 years and is currently managing $140 million in total assets.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?