Tuesday, 30 September 2014
Last updated 48 min ago
Sep 14 2007 | 11:07am ET
Fund of hedge fund manager MayerCap is prepping a levered version of its Financing Fund, which employs a direct-lending strategy.
The $15 million Financing Fund employs managers providing direct lending to private, as well as publicly listed small- and micro-cap companies. It includes between 10 and 15 managers, diversified by strategy and geography. The 1x levered fund, which is expected to debut on Oct. 1 with $10 million in initial assets, will eventually include 12 to 15 underlying managers, including those in the unlevered fund.
According to portfolio manager Alex Boguslavsky, client demand was the driving force behind the decision to introduce a levered product, which will charge 1.25% for management and 10% for performance.
New York-based MayerCap launched the Financing Fund three years ago, but only began a marketing effort this year. It has returned in excess of 12% annualized, according to Boguslavsky, and is up 7% in 2007 through August.
In addition to the Financing Fund, MayerCap manages two other hedge fund products: the Diversified Strategy Fund, which is run on behalf of Comerica Bank but is open to outside investors, and the High Alpha Fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.