Wednesday, 23 July 2014
Last updated 20 min ago
May 19 2011 | 2:26pm ET
Rocky Mountain hedge fund Implied Capital is going offshore.
The Boulder, Colo.-based firm has launched an offshore version of its flagship Volatility Risk Premium Fund, HFMWeek reports. The new fund targets U.S. tax-exempt investors and debuted earlier this month.
Implied Capital launched the onshore version of the fund last summer after building up a three-year track record. The liquid market-neutral strategy got its start with $10 million, although the firm, founded and managed by Florida State University finance professor James Doran, hoped to raise $100 million.
Like the onshore fund, the offshore fund will charge 2% for management and 20% for performance with a $1 million minimum investment requirement. But the offshore fund has easier liquidity terms, offering investors the opportunity to redeem monthly rather than quarterly.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…