Monday, 22 September 2014
Last updated 2 days ago
Aug 6 2007 | 11:55am ET
New York-based 3-Sigma Value Management recently launched its first hedge fund, a $6 million equity long/short vehicle.
The 3-Sigma Value Fund invests through an integrated process combining top-down analysis and bottom-up analysis, according to fund documents. It is focused on the technology, media and telecommunications, natural resources/energy, healthcare and distressed sectors.
The fund limits its gross exposure to 200% of equity while its net exposure generally ranges between 20% and 80%. It designates its long exposures as “core” and “non-core” with core positions limited to 10% of the portfolio and non-core positions at 5%. In addition, its short positions are limited to 5% of the portfolio.
Prior to launching the fund in March, co-founder Benjamin Weinger was managing the same strategy from August 2005 through February 2007 for a family office, returning 26% on an annualized basis since inception. Since launch, the fund is up some 11.6%.
The fund charges 2% for management and 20% for performance, with a $500,000 minimum investment requirement.
Michael Kass, a former vice president of the restructuring group at Lehman Brothers, and Kareen Mozes Laton, a former vice president in the private wealth management division of Goldman Sachs are the other founding partners.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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