Saturday, 23 August 2014
Last updated 16 hours ago
Mar 7 2011 | 9:52am ET
New hedge fund UltraHF Capital has won the backing of the multi-family office run by one of its co-managers.
Augustus Advisors has agreed to seed UltraHF's maiden Multi-Strategy fund, set to launch at the beginning of next month. The new firm is co-owned by Mark Abeshouse, Augustus' co-porfolio manager. Abeshouse will also co-manage the Multi-Strategy fund alongside Peter van Cleef, another founding member of UltraHF, who is also CEO of Lakeview Arbitrage and a partner at Lakeview Capital Market Services.
The UltraHF fund will feature a global portfolio that includes all four major asset classes. The fund will also make markets electronically in Europe and Asia.
The fund will launch with $10 million, a figure that rises to $30 million if managed accounts using the strategy are included. UltraHF is still looking for more, however.
"In order to grow this into a viable asset management business, you need to be percieved as having critical mass in assets under management as quickly as possible, and unfortunately the assets from Augustus Capital do not bring us up to those critical mass levels," Abeshouse, who formerly ran hedge fund Aires Fund, told HFMWeek.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note