Saturday, 28 November 2015
Last updated 20 hours ago
Jul 11 2007 | 9:48am ET
Trafalgar Asset Managers next month is launching a special situations fund with between US$50 million to US$100 million. The firm is anticipating strong demand for the new offering fund and expects a soft close by Oct. 1.
The Trafalgar Special Situations Fund will invest in mergers, activist trades and post-event value trades, such as debt for equity swaps, rights issues, cash distribution and spin offs. Its positions are hedged with option protection, futures and exchange-traded funds.
The fund charges a 2% management fee and 20% performance fee, with a minimum investment requirement of US 100,000 or $€100,000. It has monthly liquidity and is targeting annual returns in excess of 20%.
Co-founders Lee Robinson and Theo Phanos founded Trafalgar in 2001. Phanos previously worked for Bankers Trust, Lehman Brothers, and the high-yield and distressed debt group at Deutsche Bank. Robinson previously built and managed Tudor Capital’s global event-driven business. The firm currently manages over $2 billion in nine hedge funds.
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…