Sunday, 24 May 2015
Last updated 1 day 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.
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…