Friday, 22 May 2015
Last updated 5 hours ago
Nov 28 2011 | 9:39am ET
Greek investment manager Anastasios Dimopoulos knows what moves financial markets—fear and greed—which is why he’s named his new long-short equity fund “Phobos,” the Greek word for “fear.”
The Phobos Absolute Return Fund, founded in November 2011, is a Luxembourg-based SICAV-SIF that will focus chiefly on North American and European equities.
Dimopoulos, who has worked for Prelium Investment Services and the Greek brokerage EFG Eurobank Equities, began planning his fund a year ago, raising €110,000 from friends and family in a joint investment account to establish a track record.
During his first year (ending March 14, 2011), he achieved an audited return of 20.16%. As of October 31, 2011, his annualized performance was 18.02%.
Dimopoulos, who will begin selling the fund shortly, says he’s in touch with about 50 prospective investors and hopes to launch with €2 million to €5 million.
The Phobos fund administrator is Apex Fund Services, the auditor is Ernst & Young, the custodian is ABN Amro and the prime broker is Interactive Brokers.
The fund carries fees of 1 and 20, with a high-water mark and offers three-month liquidity. Minimum investment is €125,000.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…