Sunday, 2 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…