Saturday, 30 August 2014
Last updated 1 day 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 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...