Friday, 27 November 2015
Last updated 3 hours ago
Apr 23 2007 | 1:55pm ET
Atlanta-based Cedarcroft Capital recently teamed up with Toronto-based SD Baker & Associates to launch an offshore version the SD Baker North American Opportunity Fund. The new equity long/short vehicle, the Cedarcroft Offshore Fund, was launched in November and has returned an estimated 3.25% since inception through March.
The offshore vehicle, which currently manages $11 million, uses a bottom-up fundamental approach and invests in both the Canadian and U.S. markets. The fund is being managed by SD Baker founder Scott Baker, and is looking to capture uptrends within the commodities, healthcare, financial services and cleantech sectors, according to fund documents.
Currently, the fund allocates the bulk of its capital to the heath-care (19.8%), metals (16.55%), and wealth management (17.5%) sectors.
The offshore fund charges fees of 2/20 and offers monthly redemptions with 30 days notice.
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…