Thursday, 31 July 2014
Last updated 11 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…