Trafalgar Launches Special Situations Fund

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of