Tuesday, 1 December 2015
Last updated 12 hours ago
Jun 28 2007 | 10:57am ET
F&C Alternative Investments is raising money for its F&C Garnet Fund, which launched last November with capital from existing F&C investors. The fund, which invests in the foreign exchange volatility and forward rate-bias space, is now targeting institutional investors, funds of hedge funds and other investors.
Garnet is part of F&C's Gemstone hedge fund range and is managed by Stephen Dolbear. Its strategy portfolio concentrates on capturing the varying risk premiums embedded in FX volatility and forward rate bias positions.
“There are many participants in the FX options arena and past history indicates that there has been a tendency for options to be slightly expensive,” said Dolbear. “Our fund buys and sells volatility instruments to profit from temporary anomalies.”
The Garnet Fund is listed in Dublin, Ireland, and requires a minimum investment of €500,000 (US$672,000). Its management fee is 1.5% and its performance fee is 20% with a high water mark.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…