Angler Capital Casts Offshore Fund

Jul 17 2007 | 10:19am ET

Greenwich, Conn.-based Angler Capital in September is launching an offshore version of its one-year old equity long/short fund, which focuses on smaller-cap companies. It is looking to raise $400 million.

The Cayman Islands-domiciled offering will employ a strategy similar to its domestic predecessor fund, Angler Capital Partners, applying a private-equity approach to the small-cap space. In its first 12 months of trading, that fund is up some 50%, according to a source familiar with the firm.

“They don’t get a lot of ideas from brokers but dig in and do their own research like they were going to buy a company,” said the source. “It’s a very proactive strategy, and by focusing on change as a filter, they’re able to find opportunities inherently longer-term in nature.”

Angler also employs “constructive” activism in its investments, seeking to work with management in developing financing, acquisition of growth strategies. “The way they’ve gotten to the companies is gauging the industries’ prospects and what they see changing. They try to use that knowledge base to help management teams make sure they’re focused on what they see as value-added opportunities,” said the source.

Founder Richard Keller declined to comment on the new fund.

Fees for both funds are 2% for management and 20% for performance, with a $1 million minimum investment requirement.

Prior to founding Angler Capital, Keller was involved in private equity transactions with New York-based Sandler Capital Management, which manages both hedge and private equity funds with a multi-sector focus in media, entertainment/leisure, telecommunications, technology, information and business services and consumer companies.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.