Monday, 3 August 2015
Last updated 2 days 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.
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…