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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...