Thursday, 2 October 2014
Last updated 15 hours ago
Feb 9 2012 | 1:36pm 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...