Abundance Rolls Out Offshore Fund

Feb 9 2012 | 2:36pm ET

Abundance Partners has launched an offshore version of its flagship equity long/short hedge fund.

The New York-based firm unveiled the Abundance Offshore Fund this month, HFMWeek reports, managed by firm founder Vladimir Efros. The new version was seeded by a fund of hedge funds, and, like the original, invests in U.S. and global stocks and equity options, with a themed core portfolio and short-term opportunistic bets.

The new vehicle employs a master/feeder structure identical to the onshore version of the fund, which returned 14% last year.

"The offshore vehicle is the hedge fund industry's best practice option for accepting non-U.S. investors," Abundance's David Katona told HFM.

The new fund charges 2% for management and 20% for performance, with quarterly liquidity. It has a $200 million capacity.


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