Saturday, 26 July 2014
Last updated 21 hours ago
Nov 11 2011 | 11:19am ET
Hedge fund Kerrisdale Advisers has taken its flagship offshore.
The New York-based fund launched Kerrisdale Partners Offshore earlier this month, HFMWeek reports. Kerrisdale was pushed to create the offshore version by non-U.S. and tax-exempt investors, no surprise given that the fund has soared 157% this year, following its 66% return last year.
The firm's flagship is a concentrated, opportunistic long/short equity strategy, with between half and 75% of its portfolio invested in just 10 to 15 names. Recently, Kerrisdale, which was founded by former Longacre Fund Management analyst Sahm Adrangi two years ago, has been seeking to expose fraudulent Chinese companies.
The offshore fund was seeded with $6.5 million from a fund of hedge funds.
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…