Family Office Manager Wins Employer's Backing For New Hedge Fund

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.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note