Wednesday, 23 July 2014
Last updated 8 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…