Thursday, 2 October 2014
Last updated 1 hour 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...