Thursday, 25 December 2014
Last updated 1 day ago
May 17 2011 | 2:03am ET
Emerging markets hedge fund Gramercy has launched a multi-strategy best ideas vehicle with more than $100 million.
The Connecticut firm’s Master Fund debuted on April 1, MarketWatch reports, seeded by a $30 million investment from an existing client. The new fund invests in the firm’s best ideas across asset classes, chief investment officer Robert Koenigsberger told clients in a letter.
Initially, the fund has 30% of its assets invested in distressed debt and global macro, with 25% in stocks and 15% in special situations. Koenigsberger explained that the fund was developed over the past few months due to client interest.
“We remain excited about the near and long-term investment opportunities we are seeing in Asia, Europe, Latin America, the Middle East and Africa,” he wrote.
Recently, Koeningsberger, in a column in The Wall Street Journal, was particularly bullish on Europe, urging market-based debt exchanges that could ease the burdens on countries such as Greece and Ireland, creating “less of a need for harsh austerity measures that can lead to social disorder, and, soon after, unruly defaults.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.