Wednesday, 23 July 2014
Last updated 1 hour ago
May 29 2007 | 2:40pm ET
Artemis Capital Partners has set up shop in Aventura, Fla., and plans to offer a series of diversified, proprietary and quantitative products. The firm last month launched the 3MF Artemis (BVI Ltd.) Fund, a multi-strategy hedge fund of funds, and is targeting June 1 as the date for its onshore offering, 3MF Artemis (US) Fund.
Artemis is the brainchild of CEO Don Kurz, former president of venture capital firm and consultant Insight Creative Solutions, and chief investment officer Salomon Konig, the former president of American Lead Ventures, which advised family offices and funds of funds. The firm was founded in September 2006.
Artemis works with BNP Paribas on a process that allows it to invest in a total of 400 hedge funds in its portfolio, according to Kurz, who said the fund of funds is currently invested in some 200 underlying hedge funds. “We’re designed to be extremely diversified and the assets are trying to be as anti-correlate with each other a possible to yield a very steady market-neutral return,” he said.
In its first month of trading, Artemis’s offshore fund returned an estimated 2.75% on the strength of its long equities and emerging markets portfolios.
Going forward, Kurz added that the firm will launch a series of structured products including a principle guaranteed product and a variety of other types of offshoot structure products.
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…